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Drug dealers aren't stupid enough to be reporting their incomes to the IRS, they're just getting an extra criminal charge when they get caught. It's not the IR
by monocasa 5y ago
Drug dealers aren't stupid enough to be reporting their incomes to the IRS, they're just getting an extra criminal charge when they get caught.
It's not the IRS caring about losing revenue, but lobbying from tax firms that's the problem.
- beardog 5y agoThere's a corner-case to this corner case which is marijuana sales. Legal state vendors are technically violating federal law but the IRS still expects a cut from them, and the ones wanting to stay in good standing are certainly reporting.
- monocasa 5y agoAnd, staying in context to the discussion, the IRS already knows about all of that from these companies' public state level filings.