Battlepanda: I'll have a side of tax evasion with that bribery, thanks

Battlepanda

Always trying to figure things out with the minimum of bullshit and the maximum of belligerence.

Friday, August 11, 2006

I'll have a side of tax evasion with that bribery, thanks

According to the IRS, you must declare any bribes you recieve as income. Thus Duke Cunningham got put away for both bribery AND tax evasion (sharp eye, Will).

Honestly though, what kind of an anal-retentative freak do you have to be to take your ill-gotten gains into account when you do your taxes? Well, the thinking goes I'm not planning to get caught for this, but just in case, I want to be on the right side of the tax man. Furthermore, can you really trust the taxman not to turn you over if you duly report however much you recieved in "cash bribes and illicit gifts" in that fiscal year?