this post was submitted on 29 Apr 2024
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It's surprising how many people are siding with the drug dealer. The dude doesn't even pay taxes...
I've met drug dealers who pay their taxes. The IRS doesn't really give a shit if what you're doing is illegal, so long as they get paid.
This is true see IRS publication 525.
Illegal activities.
Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Schedule 1 (Form 1040), line 8z, or on Schedule C (Form 1040) if from your self-employment activity.
Bribes are also considered taxable income.
The point here is to make it explicitly clear that if you're making money off illegal activity, you can and will be charged with tax evasion when caught. The government will still take action if you tell on yourself, even for tax purposes 👍