You learn the most bizarre things in school...

Joe · Post by **Joe** » 2003-10-07 09:52pm

In Tax today, I learned that drug dealers are allowed to deduct the cost of goods sold from their taxable income.

I am not kidding.

Straha · Post by **Straha** » 2003-10-07 09:55pm

Old news

Sr.mal · Post by **Sr.mal** » 2003-10-07 11:00pm

But as soon as they do, they goto jail.

DPDarkPrimus · Post by **DPDarkPrimus** » 2003-10-08 12:11am

In my town, there are "drug stamps" to buy. You put them on drugs. It's all done anonymously, and you can't be arrested for buying the stamps (which are rather expensive). What's the catch, then? If you are caught with drugs that don't have the drug stamps on them, you have an extra few hundred (or thousand) dollars added to your fine.

SCORE ONE FOR TEH SMART POLICE!

Joe · Post by **Joe** » 2003-10-08 12:18am

Sr.mal wrote:But as soon as they do, they goto jail.

I think that the deduction if for drug dealers that get caught. They still have income, and the rationale is that they should be allowed a deduction for the expenses incurred in generating that income, like everyone else gets.