A 27-year-old man was killed and 24 other people were shot after gunfire erupted early Sunday morning in Akron, Ohio, during what a police official said was a big birthday party.
Officers responded to 911 calls shortly after midnight, reporting shots fired and multiple victims struck in the area of Kelly Ave. and 8th Ave., according to a statement from the city’s mayor and police chief.
The shooting took place during a “large birthday party” that earlier in the night had more than 200 people in attendance, Akron Police Chief Brian Harding said in a Sunday evening news conference.
In the shooting’s aftermath, authorities found the scene “littered” with spent shell casings that stretched down a whole block, the police chief said.
I feel like if you say “yes this is from all the cocaine I’ve sold” it might cause other legal problems, even though you won’t get Al Caponed there are also plenty of people in prison for trafficking.
You don’t have to say where it came from, you just pay the taxes, I shit you not there is a place for it
…wait…really?! You can just report things as unspecified income? I didn’t know that.
Still though, drug dealers aren’t exactly poor unless they’re bottom rung. I can’t speak for all gangs (though they do kinda all work this way) but the Bloods for instance get great prices on drugs in my area between members and sell to “civilians” at a huge markup, like a ball of coke for them is around $80 but they sell it for $150. I’ve sold drugs myself in the past, I actually currently have friends that bang though I never did, none of them are hurting for cash and I wasn’t back then either (but what I do now involves less prison, so it’s risk/reward.) Guess I didn’t have to tax evade, though I did lol. TIL!
It’s a catch-all category on your 1040 for ‘income from illegal sources’. I do know that you can’t take deductions for business expenses related to illegally gained income though, so you don’t get any kind of write-offs or deductions. (E.g., you can’t depreciate any of the durable equipment that you need to buy to conduct your illegal business, you can’t claim travel expenses, etc.) Plus, I think that it gets counted as ‘self-employed’ income, which means that you have to pay the full share of social security and medicare/medicaid that would normally be covered by an employer.
It’s pretty simple to do, honestly. But I don’t know if that kind of declaration can be turned over to another three-letter agency to start a criminal investigation into you, so ???