@[email protected] to No Stupid [email protected] • 3 days agoHow can a US citizen invest outside the reach of the federal government?message-square76fedilinkarrow-up181
arrow-up181message-squareHow can a US citizen invest outside the reach of the federal government?@[email protected] to No Stupid [email protected] • 3 days agomessage-square76fedilink
minus-squareJackbyDevlinkfedilinkEnglish1•19 hours agoThat is always so funny to me. “Hi IRS. I stole $10k worth of goods in 2023, but before I could sell them in 2024 the police confiscated them. Do I count this as a loss for 2024 or…?”
minus-square@[email protected]linkfedilink1•18 hours ago The U.S. Supreme Court in Tellier reiterated that the purpose of the tax code was to tax net income, not punish unlawful behavior. So…yes kind of. https://en.wikipedia.org/wiki/Taxation_of_illegal_income_in_the_United_States
That is always so funny to me. “Hi IRS. I stole $10k worth of goods in 2023, but before I could sell them in 2024 the police confiscated them. Do I count this as a loss for 2024 or…?”
So…yes kind of.
https://en.wikipedia.org/wiki/Taxation_of_illegal_income_in_the_United_States