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Thread: Marijuana profits up in smoke under IRS 70% rule 280E.

  1. #1
    Regular Member
    Join Date
    Feb 2013
    Thru Death's Door in Wisconsin

    Marijuana profits up in smoke under IRS 70% rule 280E.

    "I believe that the feds extend the drug war through 280E," said Jordan Cornelius, a Denver accountant who has worked with Woolhiser and many other marijuana companies in Colorado. "If (the federal government) can't put them out of business legally when voters are mandating these businesses to move forward, it's very easy to put them out of business financially." It's unclear that the federal government is actively enforcing this tax code in an effort to undermine the legal business, but that is the effect.
    If TRUMP 2016 loses then I will shrug off my WHITE MAN'S BURDEN and leave the world to the Dindus and Done Nuffins. Read and understand Ayn Rand's Atlas Shrugged as a prescription for the future. TRUMP 2016

  2. #2
    Regular Member The Truth's Avatar
    Join Date
    Jul 2014
    This is really surprising! Oh wait, no it isn't.
    Sic semper evello mortem tyrannis.

    μολὼν λαβέ

    Quote Originally Posted by stealthyeliminator
    So in actuality you have no evidence that anything wrong took place, you only believe that it could be spun to appear wrong. But it hasn't been. The truth has a funny way of coming out with persistence, even if it was spun negatively the truth would find its way because these people will not accept less.
    Quote Originally Posted by WalkingWolf View Post
    The truth causes some people so much pain they can only respond with impotent laughable insults. Life must be rough for those people.

  3. #3
    Join Date
    Jan 2012
    earth's crust
    Dude ... dude? What happen to all my cashola?

    I don't know if the stories I have seen online are accurate....I'm not an accountant and the guys complaining are likely stoned.

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