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Friday, July 25, 2014

Anyone know how the tax on drug deals has worked out?

Posted Sunday, June 8, 2008, at 9:40 AM

I can not believe our lawmakers spent time on this, but maybe I am wrong.

Have we made enough money on taxing drug deals to pay for the legislator's time and expense in coming up with this?


Comments
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[Show most recent comments first]

Like prescription drugs or illegal drugs? How do you tax illegal drugs?

-- Posted by Evil Monkey on Sun, Jun 8, 2008, at 9:58 AM

From what I understand, they have made a decent amount off of the illegal drug stamp...but mainly from collectors. I've not heard whether or not they have arrested anyone for illegal drugs that actually had the stamp.

EM - There's a tax "stamp" that you can purchase from the TN Revenue Dept. for illegal substances. If someone is arrested for having illegal drugs and they don't have that stamp on their bag/vial/balloon/whatever then the tax-man can come after you for that too.

-- Posted by Thom on Sun, Jun 8, 2008, at 10:35 AM

I thought they were taxed when they were caught selling? Could be wrong but I can honestly say that would be the only way they would collect any money. It's not like someone selling illegal drugs is going to say, "Ok I made about $100,000 on my illegal drugs last year and would like to pay my taxes"

-- Posted by Dianatn on Sun, Jun 8, 2008, at 11:54 AM

"Ok I made about $100,000 on my illegal drugs last year and would like to pay my taxes"

-- Posted by Dianatn on Sun, Jun 8, 2008, at 11:54 AM

It does not matter what the person caught with drugs claims they did or did not make selling drugs. Actually they do not even have to have ever sold any drugs to be hit by the tax man with this terrible law. The amount is set by how much and what type of drug the arrested person is caught with. Not only that, but frequently if even a casual user is caught with drugs in their home or vehicle, then that property is confiscated and held for collateral by the state until the tax debt is paid. I do not condone the use or sale of drugs, but it is just wrong to have such a law, as I feel it opens up too much chance for abuse by these different law enforcement agencies, that want the property, so they can line their pockets or the departments pockets with the proceeds.

-- Posted by bunchabull on Sun, Jun 8, 2008, at 12:10 PM

Who in their right mind would go get a stamp on illegal drugs? That is asking for trouble. How can they tax something that do not even allowed to be imported, manufactured, produce or acknowledge as an entity that is warranted as a legitimate business?

-- Posted by Evil Monkey on Sun, Jun 8, 2008, at 1:21 PM

I've had to read these blog entries a couple of times to make sure I understand this. There REALLY is a law in which a person contacts the TN state department of revenue, asks for a illegal substance tax stamp, and the state ACTUALLY sells a tax stamp for that illegal substance? Am I reading this right?? Please tell me that my home state is not now in the business deriving revenue from the sanctioning of an illegal act.

-- Posted by Tim Baker on Sun, Jun 8, 2008, at 5:53 PM

Yeah it is true, is that a travesty?

-- Posted by Evil Monkey on Sun, Jun 8, 2008, at 6:23 PM

The state lawmakers must not have wanted law enforcement to get all the money they confiscate.

What does happen to that money after it has been used as evidence?

-- Posted by stevemills on Sun, Jun 8, 2008, at 10:05 PM

Same thing that happens to the drugs?

-- Posted by Dianatn on Sun, Jun 8, 2008, at 10:49 PM

Destroyed!?

-- Posted by stevemills on Mon, Jun 9, 2008, at 7:53 AM

IF BEDFORD CO WOULD TAX DRUGS THIS COUNTY WOULD NOT HAVE TO WORRY ABOUT ANYTHING THERE MORE DRUGS IN THE COUNT THAN PEOPLE

-- Posted by microman on Mon, Jun 16, 2008, at 3:20 PM


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Steve Mills and his wife have one daughter and live on a farm outside of Bell Buckle. They previously owned two coffee/ice cream shops, currently operate an internet sales company and teach classes, but his primary job involves the paper industry worldwide. Hobbies and interests lie in gardening, photography, recorded music and of course, their pets.