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Tax’s and marijuana

25 Feb

Marijuana

You Knew it was going to happen! anytime there is money to be made the government will find a way to get its pound of flesh. It seem’s that the 18 state that have legalized marijuana has also invited the taxman in as well.The IRS is using an old law that lets the government tax medical marijuana center’s as much as 75%

The levy is the result of a 1982 provision to the tax code, known as 280E, that stemmed from a successful attempt by a convicted drug trafficker to claim his yacht, weapons and bribes as businesses expenses.

Medical marijuana center’s can not claim typical things like rent or payroll as a business expense and this in its self will put a lot of little shops out of business.

much Medical marijuana center’s believe If you have a license from the state hanging on your wall, that doesn’t fit the definition of trafficking, but they need to think about this it may be legal in your state but the Federal law still says it trafficking and not legal So pay up suckers you may have won the battle, but the war ain’t over yet .

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Posted by on February 25, 2013 in Funny, history, Life, politics

 

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