Re:Prostitution decriminalized: Rhode Island’s experiment
by azernik on Monday August 07, 2017 @08:15AM
(#14946911)
This is very much not true. In the US, prostitutes are very punctilious about paying their tax bills, because the having a discrepancy between declared income and visible consumption is a quick way to land yourself on an auditor's desk. Remember, they got Al Capone for income tax evasion.
The IRS is very open about this. A fellow HN commenter pointed me to this document [1], on which you should search for "Bribes" and "Stolen Property". Even if you don't want to trust to the IRS's confidentiality rules (for example, it won't share your tax return with law enforcement without a court order), it's still common practice to come up with another description for your income in order to pay tax on it.
The IRS is very open about this. A fellow HN commenter pointed me to this document [1], on which you should search for "Bribes" and "Stolen Property". Even if you don't want to trust to the IRS's confidentiality rules (for example, it won't share your tax return with law enforcement without a court order), it's still common practice to come up with another description for your income in order to pay tax on it.
[1] https://www.irs.gov/publications/p17/ch12.html#en_US_2016_pu...