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Revision as of 10:09, 15 September 2026

The old adage is crime doesn't pay, only one certainly can wonder sometimes about the truth of it given the amount of of politicians that seem to be baddies! Regardless, the fact you are making money from a criminal offense doesn't mean you wouldn't have to pay taxes. Correct. The IRS wants its unfair share of the ill gotten gains! For my wife, she was paid $54,187, which she is not taxed on for kontol Social Security or Healthcare. She has to put 14.82% towards her pension by law, making her federal taxable earnings $46,157.

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