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[18] Similarly, tax deductions and credits are denied where for illegal bribes, illegal kickbacks, or other illegal payments under any Federal law, or under a State if such State law is generally enforced, if the law "subjects the payor to a criminal penalty or the loss of license or privilege to engage in a trade or business."
Sin taxes result in the illegal manufacture, smuggling and/or outright theft of the taxed products, sometimes for personal use but often for sale on the black market. [ 16 ] [ 17 ] Critics of sin tax argue that it is a regressive tax in nature and discriminates against the lower classes.
Tax protester Sixteenth Amendment arguments are assertions that the imposition of the U.S. federal income tax is illegal because the Sixteenth Amendment to the United States Constitution, which reads "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration ...
A study by Ohio State University shows recreational marijuana could bring as much as $400 million in tax revenue to the Buckeye State by the fifth year of the program.
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The task forces also seized 400 firearms and $5,471,132 million in currency.
Cannabis in Ohio is legal for recreational use. Issue 2 , a ballot measure to legalize recreational use , passed by a 57–43 margin on November 7, 2023. Possession and personal cultivation of cannabis became legal on December 7, 2023.
Tax evasion or tax fraud is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income ...