Do Prostitutes and Drug Dealers Have to File a Yearly Tax Return?
Question by : Do prostitutes and drug dealers have to file a yearly tax return?
I understand that both professions are illegal. Irregardless though, should the income they make still have to be reported and taxes paid on it? If someone is arrested for making money through selling drugs, and it can be proven that this person has been doing it for a while, then can the IRS also come after them? It would be hard to prove how much money they made, but that truth also applies to cab drivers and other commission-based jobs, but even employees in those jobs are expected to keep records on what they made and pay taxes on it.
Best answer:
Answer by Judy
Yes they are legally required to file and to report all of their income, even if their income is illegal.
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Former Prosecutor Slams Drug Prohibition _(360p).flv – Randy E. Barnett is a lawyer and legal theorist, and a Senior Fellow of the Cato Institute and the Goldwater Institute. He also teaches constitutional law and contracts at Georgetown University Law Center. In this video from a 1999 Institute for Economic Studies meeting in Aix-en-Provence, France, Barnett recounts his time spent as a prosecutor in Chicago, Illinois, and speaks about the harms to both drug users and civil society at large as the result of drug prohibition in America. Download the .mp3 version of this lecture here: bit.ly For more information, please visit: globalpoliticalawakening.blogspot.com www.facebook.com www.facebook.com twitter.com plus.google.com FAIR USE NOTICE: This Video may contain copyrighted (© ) material the use of which has not always been specifically authorized by the copyright owner. Such material is made available to advance understanding of ecological, political, human rights, economic, democracy, scientific, moral, ethical, and social justice issues, etc. It is believed that this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 USC Section 107, this material is distributed without profit to those who have expressed a prior general interest in receiving similar information for research and educational purposes. For more information go to: www.law.cornell.edu
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