ccunning@lemmy.world to No Stupid Questions@lemmy.world · 3 months ago

How can a US citizen invest outside the reach of the federal government?

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How can a US citizen invest outside the reach of the federal government?

ccunning@lemmy.world to No Stupid Questions@lemmy.world · 3 months ago

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JackbyDev@programming.dev
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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…?”
- ch00f@lemmy.world
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  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

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