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Started By
Message
re: IRS Taxing Colorado Weed Stores Into Oblivion
Posted on 11/4/14 at 2:26 pm to lsu480
Posted on 11/4/14 at 2:26 pm to lsu480
quote:
The IRS essentially views their gross revenue as their net profit and taxes them on that. Anyone that graduated middle school knows that it's almost impossible to make a business work if you get taxed like that, it's totally unfair.
I agree it's wrong. That being said, he should have done some research and talked to an accountant before he opened his business.
0
Posted on 11/4/14 at 3:14 pm to iAmBatman
quote:
The wrinkle I was referring to is the fact that some expenses can't be claimed as deductions but if it were a legal business then those taxes would be able to be deducted, thus lowering their tax burden
I have a tax test Thursday and this is on it. Funny to see an irl situation like this the week I have a test on it.
quote:
Drug dealers can deduct cost of goods sold as a legal deduction.
Yep. All other illegal business can only deduct their legal operating expenses. But drug dealers can only deduct COGS
This post was edited on 11/4/14 at 3:18 pm
Posted on 11/4/14 at 3:22 pm to TH03
quote:
frick the irs
Posted on 11/4/14 at 3:33 pm to Darth_Vader
quote:
IRS Taxing Colorado Weed Stores Into Oblivion
Seems like drug kingpins have more restraint than the IRS. Meh
Posted on 11/4/14 at 3:46 pm to HempHead
quote:
As soon as there is a reliable test for measuring someone's cannabis intoxication at the moment, rather than relying on urinalysis, the likelihood of widespread legalization will increase greatly.
Legalization will become more widespread when law enforcement has their gravy train cut off. That is the DEA dollars for making marijuana arrests. All that money, cars, homes, etc from asset forfeiture laws. Given the choice of going after a meth user, heroin user, prescription drug user, or marijuana user, who do you think they're going after? Just follow the money.
Force law enforcement to turn over all asset forfeiture money to charity and see how many arrest they make. Not to mention police unions, Big Pharma, beer and alcohol, and private prison lobbyists who are bribing our politicians to vote for anything that would lead to the legalization of marijuana. They all stand to lose billions if marijuana is legalized. Again, follow the money.
The quickest way to spread marijuana legalization is to remove it as a Schedule I drug. Good luck with that.
This post was edited on 11/4/14 at 3:49 pm
Posted on 11/4/14 at 6:25 pm to lsudude24
Force law enforcement to turn over all asset forfeiture money to charity and see how many arrest they make.
I like this train of thought.
I contested a public drunk citation years ago. Athens Clarke County Police department.
They sniffed in my red solo while I was walking to a football game. I wasn't driving, I wasn't drunk, I wasn't cussing, burning a couch, beating the frick out of somebody, waving my penis at adolescent girls, giving out crack hits to the street people, beheading infidels, spreading ebola.
I spent a few hours watching a parade of street people already dressed in orange jumpsuits.
"30 days or 30 dollars". You could have said "5 days or 5 dollars". It wouldn't have mattered.
Then there is the speeder. He has a lawyer that argues that the line of sight for a radar ticketed misdemeanor is...this many feet. Georgia law proscribes the length of radar speeding ticketing. Drop the speed 20 mph, on the crest of a hill with a "Law enforcement" officer ready.
They're ready.
Law enforcement has become big business in Athens.
"Sniffing in cups of alumni walking down the sidewalk"? frick them. That musclebound piece of shite that stationed himself in front of the BP on Lumpkin, didn't even show up in court.
I guess these idiots think people will pay the fines.
You would think that this bunch of morons would direct traffic at Lumpkin/Milledge after a game.
Nope.
Clarke county is the poorest county in Georgia.
I like this train of thought.
I contested a public drunk citation years ago. Athens Clarke County Police department.
They sniffed in my red solo while I was walking to a football game. I wasn't driving, I wasn't drunk, I wasn't cussing, burning a couch, beating the frick out of somebody, waving my penis at adolescent girls, giving out crack hits to the street people, beheading infidels, spreading ebola.
I spent a few hours watching a parade of street people already dressed in orange jumpsuits.
"30 days or 30 dollars". You could have said "5 days or 5 dollars". It wouldn't have mattered.
Then there is the speeder. He has a lawyer that argues that the line of sight for a radar ticketed misdemeanor is...this many feet. Georgia law proscribes the length of radar speeding ticketing. Drop the speed 20 mph, on the crest of a hill with a "Law enforcement" officer ready.
They're ready.
Law enforcement has become big business in Athens.
"Sniffing in cups of alumni walking down the sidewalk"? frick them. That musclebound piece of shite that stationed himself in front of the BP on Lumpkin, didn't even show up in court.
I guess these idiots think people will pay the fines.
You would think that this bunch of morons would direct traffic at Lumpkin/Milledge after a game.
Nope.
Clarke county is the poorest county in Georgia.
Posted on 11/4/14 at 6:29 pm to Darth_Vader
Is anyone surprised by this?
I know for a fact I said at least 5 years ago. Legalize it and tax the hell out of it... that's what they are doing
I know for a fact I said at least 5 years ago. Legalize it and tax the hell out of it... that's what they are doing
Posted on 11/4/14 at 8:01 pm to Darth_Vader
I'm ironing out the details on offering money laundering schemes to weed shops out there.
Posted on 11/4/14 at 8:03 pm to Wooly
quote:I don't understand this sentiment. Why should it be taxed any differently than any other product?
and tax the hell out of it
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