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Old 11-04-2005, 06:32 PM
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Default Re: Paying taxes on Poker Winnings...

I just did a little reading on "the fall of" Al Capone...

I found an overview/summary only, so if you would like to "educate" me w/ a few specifics
I would be grateful... [img]/images/graemlins/cool.gif[/img]

It said that new tax laws enacted in 1927 allowed the Fed. Gov't to pursue Al on the charge of tax evasion...and that the "Untouchables" (
Eliot Ness and his "hand picked" team of incorruptable US Treasury agents (lol...sounds cool)
were able to
find receipts linking Capone to illegal gambling income and evasion of taxes on that income.

That last line is what I don't get...how can one pay taxes on illegal income?
This statement is illogical.

Who cares if said person is paying taxes on "illegal income!?!?!?!?!" If they
have the income, then they are going to jail for having it in the first place! It's (however they got the money) illegal?!?!
Why do they have to NOT pay taxes on the income to merit a jail sentence? lol
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