IRS targets medical marijuana businesses in government's war on weed

[villager]

Ariel Shearer in HuffPost: "For the past several years, the Internal Revenue Service has been systematically targeting medical marijuana establishments, relying on an obscure statute that gives the taxing agency unintended power. The IRS has been functioning as an arm of justice, employing the U.S. tax code as a weapon in the federal government's ongoing war against legal cannabis."

<snip>


http://boingboing.net/2013/05/29/irs-targets-medical-marijuana.html?utm_source=feedly

[NCTraveler]

1. What does mean. Thanks. nt.

[villager]

2. What does what mean?

[NCTraveler]

3. I am kind of laughing. It seems to have been removed.

snip

Sorry.

[joeglow3]

4. Earnings from illegal activities are entirely taxable

i.e. you cannot reduce it by any expenses. Thus, since selling weed is illegal, they cannot reduce their income by the cost of purchasing the weed, rent expense, labor costs, etc.

[NCTraveler]

5. I am clearly a train wreck right now.

As I have messed this up. I was wondering what "snip" means. The way this is going is a direct reflection of how my mind is working right now.