a man, selling drugs, with a land rover
I thought the cops, including the feds, could seize the fruits of ill gotten gains
they keep houses and cars and planes and other property of drug dealers and smugglers all the time
will this case affect that?
'course they missed the step of having to prove it here I guess, but do they ever have to trace the money flow to a specific item and prove each item in big cases?
I think in texas is , at least there was, a law where you owed a fine equal to the street value of drugs you were caught with. I knew a guy who was caught , years ago, with $12,000 of marijuana, they took the weed and he owed $12,000 in cash, then the irs taxed him on the $12,000 of the weed
Originally Posted by nevergaveitathought
Yes.. and isn’t it funny that convicts have to file tax returns. The IRS doesn’t care how you got your money..if it’s income it has to be declared.
Occupation Drug Dealer
Gross income: $556,861.34
Standard deduction: $12,000
Expenses and other deductions...