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IPFS News Link • TAXES: Federal

IRS Engaged in Extralegal Suppression of US Citizens

05-29-2013 • arclein

The IRS employs Section 280E, a 1982 addition to the tax code that was a response to a drug dealer’s successful effort to claim his yacht, weapons purchases, and even illicit bribes as business expenses. Under 280E, individuals involved in the illicit sale of controlled substances — including marijuana, even medical marijuana in states where it is legal — cannot claim standard business expenses on their federal taxes.

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Reported By robert klein

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