4 ms·
So how many drug dealers actually pay tax in the US?
by nottorp 3y ago
So how many drug dealers actually pay tax in the US?
- jwie 3y agoThis is essentially the purpose of money laundering, so a lot.
- thfuran 3y agoNo, money laundering exists largely because we don't have that. They're talking about just declaring the income from selling drugs on tax filings.
- gumby 3y agoNon-IRS authorities (e.g. FINCEN) can also track the flow so in the US money laundering is more to thwart them, though lower taxes is a bonus.
- lupire 3y agojwie has the argument slightly wrong. Taxes are a side benefit of money laundering, which makes it unnecessary to report drug income directly for taxes. Money laundering's purpose is to fabricate proof of legal income, to divert suspicion from the observable existence of wealth that has no legal explanation.
- pizzafeelsright 3y agoSales tax, gas tax, etc. Just not income tax. The entire US tax system is broken. I'm sure we'll get a VAT or something worse. So much is broken I doubt we'll see a fix in our lifetime.