Taxation Of Illegal Income In The United States

Feb 20, 2021 • Wikireadia



Taxation of illegal income in the United States arises from the provisions of the Internal Revenue Code (IRC), enacted by the U.S. Congress in part for the purpose of taxing net income. As such, a person’s taxable income will generally be subject to the same Federal income tax rules, regardless of whether the income was obtained legally or illegally.

Article Source:

Wikipedia contributors. August 3, 2020. Taxation of illegal income in the United States. (n.d.). In Wikipedia, The Free Encyclopedia. Retrieved January 24, 2021, from https://en.wikipedia.org/wiki/Taxation_of_illegal_income_in_the_United_States

Article As Narrated:

https://en.wikipedia.org/w/index.php?title=Taxation_of_illegal_income_in_the_United_States&oldid=970954882

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Logo of the Internal Revenue Service
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