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9/22/2017 12:11:25 AM
Posted: 3/27/2006 7:41:51 PM EDT
[Last Edit: 3/27/2006 7:42:52 PM EDT by BigRoost]
From the IRS website (http://www.irs.gov/publications/p525/ar02.html#d0e2219)

Bribes. If you receive a bribe, include it in your income.

Link Posted: 3/27/2006 7:45:50 PM EDT
Link Posted: 3/27/2006 7:52:06 PM EDT
So, you'd prefer that criminals be exempt from taxes while law-abiding workers get penalized?
Link Posted: 3/27/2006 7:53:49 PM EDT
Above intelligence it seems.
Link Posted: 3/27/2006 7:54:42 PM EDT
it's just so they can throw another charge at you when they bust you for taking bribes (or selling drugs as stated above).
Link Posted: 3/27/2006 7:55:12 PM EDT
I don't see what the problem is.... I always report my income from illegal drug sales
Link Posted: 3/27/2006 7:55:51 PM EDT
Yep, found that too:
Illegal income. Illegal income, such as money from dealing illegal drugs, must be included in your income on Form 1040, line 21, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity.




Originally Posted By Hipster:
So, you'd prefer that criminals be exempt from taxes while law-abiding workers get penalized? hr

I think my point is missed here.
Is there a criminal in the world who would report that? Do drug dealers file a tax return for their "self-employment activities"?
Link Posted: 3/27/2006 7:57:34 PM EDT
The IRS doesn't make the rules. Congress does.
Link Posted: 3/27/2006 7:58:01 PM EDT
Oh and might I mention that a strong argument against illegals and those who hire them (who ought to be put in stocks downtown) is that NO INCOME TAXES ARE BEING PAID ON CASH WAGES TO DAY LABORERS.

YOUR HARD WORK funds the social programs that they benefit from.

Link Posted: 3/27/2006 7:59:34 PM EDT

Originally Posted By BigRoost:
I think my point is missed here.
Is there a criminal in the world who would report that? Do drug dealers file a tax return for their "self-employment activities"?



Look up Al Capone's history. The Feds couldn't pin any crimes on him until they got him with tax evasion.
Link Posted: 3/27/2006 8:03:31 PM EDT

Originally Posted By jblachly:
Oh and might I mention that a strong argument against illegals and those who hire them (who ought to be put in stocks downtown) is that NO INCOME TAXES ARE BEING PAID ON CASH WAGES TO DAY LABORERS.



The Feds won't prosecute them for illegally entering the country and they won't prosecute them for tax evasion. That's two strikes.

Link Posted: 3/27/2006 8:05:52 PM EDT
Also if you report illegal income label it "Fifth Amendment" otherwise they can prosecute you because you waived your rights against self incrimination. viz., United States v. Sullivan, 274 U.S. 259
Link Posted: 3/27/2006 9:15:33 PM EDT
[Last Edit: 3/27/2006 9:15:46 PM EDT by OFFascist]

Originally Posted By FlamingGlory:
Also if you report illegal income label it "Fifth Amendment" otherwise they can prosecute you because you waived your rights against self incrimination. viz., United States v. Sullivan, 274 U.S. 259



Thats good to know.

If I ever illegally obtain a large sum of money I'll make sure to report it.
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