Page 1 of 5 123 ... LastLast
Results 1 to 10 of 47

Thread: IRS Tells Medical Marijuana Dispensary It Owes Millions In Taxes

  1. #1
    Slayer of the DP Newsbot
    danarhea's Avatar
    Join Date
    Aug 2005
    Location
    Houston, TX
    Last Seen
    Today @ 03:02 AM
    Gender
    Lean
    Conservative
    Posts
    39,732

    IRS Tells Medical Marijuana Dispensary It Owes Millions In Taxes

    The IRS disallowed the Alliance's deductions -- for buying marijuana, hiring employees, securing office space and more -- based on Section 280E of the federal tax code, which says no deductions are allowed for any business "trafficking in controlled substances."
    Here's the deal - Obama says that the Federal government will not enforce Federal drug laws on marijuana dispensaries in California. But, if the deductions for doing business as a marijuana dispensary are not allowed, the Feds will be able to put them out of business as tax evaders.

    Very sneaky move, Barack.

    I would like to see some responses from the Tea Party in here. It is my belief that they will denounce this move by Obama's administration for what it is - An abuse of Federal power. In fact, I believe that we may even find some agreement from people on opposite sides of the political spectrum here.

    Article is here.
    Last edited by danarhea; 03-14-11 at 12:32 AM.
    The ghost of Jack Kevorkian for President's Physician: 2016

  2. #2
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 06:25 AM
    Gender
    Lean
    Very Conservative
    Posts
    76,360

    Re: IRS Tells Medical Marijuana Dispensary It Owes Millions In Taxes

    Quote Originally Posted by danarhea View Post
    Here's the deal - Obama says that the Federal government will not enforce Federal drug laws on marijuana dispensaries in California. But, if the deductions for doing business as a marijuana dispensary are not allowed, the Feds will be able to put them out of business as tax evaders.

    Very sneaky move, Barack.

    I would like to see some responses from the Tea Party in here. It is my belief that they will denounce this move by Obama's administration for what it is - An abuse of Federal power. In fact, I believe that we may even find some agreement from people on opposite sides of the political spectrum here.

    Article is here.
    If they're operating a legitimate business, then they owe some ****ing corporate income taxes.

    How much you wanna bet that all those Obama voters that are operating this businesses are pissed of as hell right now?

  3. #3
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: IRS Tells Medical Marijuana Dispensary It Owes Millions In Taxes

    Quote Originally Posted by apdst View Post
    If they're operating a legitimate business, then they owe some ****ing corporate income taxes.
    Sounds to me like you didn't even understand the issue. As usual.
    Last edited by Kandahar; 03-14-11 at 12:52 AM.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  4. #4
    Enemy Combatant
    Kandahar's Avatar
    Join Date
    Jul 2005
    Location
    Washington, DC
    Last Seen
    10-15-13 @ 08:47 PM
    Gender
    Lean
    Liberal
    Posts
    20,688

    Re: IRS Tells Medical Marijuana Dispensary It Owes Millions In Taxes

    Quote Originally Posted by danarhea View Post
    Here's the deal - Obama says that the Federal government will not enforce Federal drug laws on marijuana dispensaries in California. But, if the deductions for doing business as a marijuana dispensary are not allowed, the Feds will be able to put them out of business as tax evaders.

    Very sneaky move, Barack.

    I would like to see some responses from the Tea Party in here. It is my belief that they will denounce this move by Obama's administration for what it is - An abuse of Federal power. In fact, I believe that we may even find some agreement from people on opposite sides of the political spectrum here.

    Article is here.
    What a dumb law. It's bad enough that we have the war on drugs in the justice system at all, but they actually wrote it into the tax code? Gah. It's most definitely an abuse of federal power.
    Are you coming to bed?
    I can't. This is important.
    What?
    Someone is WRONG on the internet! -XKCD

  5. #5
    Banned
    Join Date
    Jan 2011
    Last Seen
    07-25-13 @ 08:55 AM
    Lean
    Undisclosed
    Posts
    1,951

    Re: IRS Tells Medical Marijuana Dispensary It Owes Millions In Taxes

    Quote Originally Posted by danarhea View Post
    Here's the deal - Obama says that the Federal government will not enforce Federal drug laws on marijuana dispensaries in California. But, if the deductions for doing business as a marijuana dispensary are not allowed, the Feds will be able to put them out of business as tax evaders.

    Very sneaky move, Barack.

    I would like to see some responses from the Tea Party in here. It is my belief that they will denounce this move by Obama's administration for what it is - An abuse of Federal power. In fact, I believe that we may even find some agreement from people on opposite sides of the political spectrum here.

    Article is here.
    I agree its horse****.......liberal politicians talk about legilization in order to gain support from millions of pot smokers, many of whom seem to have legilization and decriminalization as their two top political priorities in life. But in reality, the statists just want pot and all things stemming from it.....to be placed under complete control of the state.....just like everything else.
    .
    .
    .
    .

  6. #6
    Dispenser of Negativity
    Cold Highway's Avatar
    Join Date
    May 2007
    Location
    Newburgh, New York and World 8: Dark Land
    Last Seen
    12-24-12 @ 11:21 PM
    Gender
    Lean
    Libertarian
    Posts
    9,596
    Blog Entries
    7

    Re: IRS Tells Medical Marijuana Dispensary It Owes Millions In Taxes

    Not surprising in the least, the IRS always cracks down when the state is loosing it's money flow. Another reason why an overall of the federal tax system is sorely needed. When you cant crush your opponents the free market way, use fear/propaganda in order to convince the state jackboots and it's thugs to crush your opponents for you.
    Jackboots always come in matched pairs, a left boot and a right boot.

  7. #7
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Yesterday @ 09:11 PM
    Gender
    Lean
    Libertarian
    Posts
    41,535

    Re: IRS Tells Medical Marijuana Dispensary It Owes Millions In Taxes

    It sounds to me like the IRS claims are bogus. None of that has been tested in court, of course. If it is, and if the court upholds the IRS position, then medical marijuana will be a thing of the past. The winner in that scenario, of course, would be the drug traffickers.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  8. #8
    Slayer of the DP Newsbot
    danarhea's Avatar
    Join Date
    Aug 2005
    Location
    Houston, TX
    Last Seen
    Today @ 03:02 AM
    Gender
    Lean
    Conservative
    Posts
    39,732

    Re: IRS Tells Medical Marijuana Dispensary It Owes Millions In Taxes

    Quote Originally Posted by apdst View Post
    If they're operating a legitimate business, then they owe some ****ing corporate income taxes.

    How much you wanna bet that all those Obama voters that are operating this businesses are pissed of as hell right now?
    I think you missed the point. Try reading the article. The marijuana dispensaries are being denied the tax deductions entitled to every other business. It's not about taxes themselves, nor is it about one type of business attempting to avoid taxes, nor is it about Obama voters who want to get out of paying taxes.

    Reading is fundamental, so read the article, then post again.
    Last edited by danarhea; 03-14-11 at 03:32 AM.
    The ghost of Jack Kevorkian for President's Physician: 2016

  9. #9
    Global Moderator
    The Truth is out there.
    Kal'Stang's Avatar
    Join Date
    Jan 2009
    Location
    Bonners Ferry ID USA
    Last Seen
    @
    Gender
    Lean
    Independent
    Posts
    32,858
    Blog Entries
    1

    Re: IRS Tells Medical Marijuana Dispensary It Owes Millions In Taxes

    Quote Originally Posted by danarhea View Post
    I think you missed the point. Try reading the article. The marijuana dispensaries are being denied the tax deductions entitled to every other business. It's not about taxes themselves, nor is it about one type of business attempting to avoid taxes, nor is it about Obama voters who want to get out of paying taxes.

    Reading is fundamental, so read the article, then post again.
    They are being denied due to that of a controlled substance. States right in the article why they are being denied. I don't see the problem here other than that some individuals think that MJ shouldn't be classed as what it is classed at. Point of fact though is that it is.
    I have an answer for everything...you may not like the answer or it may not satisfy your curiosity..but it will still be an answer. ~ Kal'Stang

    My mind and my heart are saying I'm in my twenties. My body is pointing at my mind and heart and laughing its ass off. ~ Kal'Stang

  10. #10
    Sage
    Barbbtx's Avatar
    Join Date
    Jan 2010
    Location
    W'Ford TX
    Last Seen
    11-10-12 @ 08:04 PM
    Gender
    Lean
    Conservative
    Posts
    8,467

    Re: IRS Tells Medical Marijuana Dispensary It Owes Millions In Taxes

    IRS Tells Medical Marijuana Dispensary It Owes Millions In Taxes - Toke of the Town

    This is just stupid. They weren't required to collect sales tax???? We are talking about Ca., the state that's going bankrupt? I thought the financial gain was a reason to legalize it.

    As for that state sales tax, "The State of California issued the Marin Alliance for Medical Marijuana a permanent exemption from collecting sales taxes in 1997 that was reaffirmed and reissued in 2002," Shaw said. "We were told NOT to collect sales taxes, as they did not wish to create a new category for taxing marijuana. We were never notified that our exemption had been changed. In 2008 we were contacted for the first time regarding our exemption. The state then claimed we owed them money they had told us to not charge nor collect
    Catawa is my favorite bleeding heart liberal.
    1/27/12

Page 1 of 5 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •