March 28, 2007

IT CAN'T GO MUSLIM FAST ENOUGH:

Drug smuggler can deduct cost from taxes (AP, March 28, 2007)

A Dutch court has added a new item to the list of activities eligible for tax relief: drug-running.

Judges have declared a fisherman convicted of smuggling drugs could deduct the cost of buying and shipping hashish to the Netherlands from his income on his tax return.

Posted by Orrin Judd at March 28, 2007 12:00 AM
Comments

I don't get it. Seriously, what's the issue here?

The costs of inventory and operations are not a "deductions," they are negatively part of the definition of income. Gross receipts are one thing, income another.

Posted by: Lou Gots at March 28, 2007 2:25 PM

I don't get it. Seriously, what's the issue here?

The costs of inventory and operations are not a "deductions," they are negatively part of the definition of income. Gross receipts are one thing, income another.

Posted by: Lou Gots at March 28, 2007 2:25 PM

I don't get it. Seriously, what's the issue here?

The costs of inventory and operations are not a "deductions," they are negatively part of the definition of income. Gross receipts are one thing, income another.

Posted by: Lou Gots at March 28, 2007 2:31 PM

I don't get it. Seriously, what's the issue here?

The costs of inventory and operations are not a "deductions," they are negatively part of the definition of income. Gross receipts are one thing, income another.

Posted by: Lou Gots at March 28, 2007 2:50 PM
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