04-07-2010, 04:19 AM
I love how "legalize it and we can tax it" always comes up.
It is already under the tax umbrella.
How many people growing currently growing (and selling) actually report the income on their federal taxes and pay the income tax? How about Hawaii state income tax?
Anyone? I didn't think so.(Deafening silence)
None of the people who sell now are going to come out and do their civic duty and pay taxes on the product, legal or not. They are too entrenched in their underground, tax-free world. Remember, this is how they nailed Al Capone; failure to report income.
It is already under the tax umbrella.
How many people growing currently growing (and selling) actually report the income on their federal taxes and pay the income tax? How about Hawaii state income tax?
Anyone? I didn't think so.(Deafening silence)
None of the people who sell now are going to come out and do their civic duty and pay taxes on the product, legal or not. They are too entrenched in their underground, tax-free world. Remember, this is how they nailed Al Capone; failure to report income.