Kerry M. Kerstetter, CPA (referred to as The Tax Guru by other CPAs around the country) helps capitalists, investors & small business owners win the tax game. See www.TaxGuru.org for much more detailed info.
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Tax Guru-Ker$tetter Letter
Friday, June 06, 2003
Iowa Touts Illegal Drug Stamp Tax - More on the unusual tax I discussed earlier. I never received a response back from the Kansas tax authorities as to the amount of tax revenues actually received from people willing to declare themselves drug dealers. According to this article, Iowa has received almost $4 million in taxes and penalties since 1990. They mention how difficult this tax is to enforce and how futile it is trying to collect taxes from people who have had everything they own confiscated during their drug busts.
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 6/06/2003 12:49:00 PM Send this post:
