Quote:
Originally Posted by slayda
It's a Catch 22 just like income tax. If you have illegal income, it is still taxable. The fact that the Government wants their pound of flesh has no bearing on the legality of something. It's the sneaky way that Governments get our money.
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In the US most illegal income is not taxed, because people don't report it. This is one of the reasons I support the Fairtax since people that have illegal income still go to the store and buy stuff at retail.
BOb