Illegal Income

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Illegal Income

Income from an illegal act. Examples of illegal income include income from theft and drug dealing. Illegal income is taxed in the United States as if it were ordinary income. Interestingly, expenses one incurs in the conduct of an illegal activity (other than drug trafficking) may be tax deductible. For example, the IRS may allow deductions for bribes paid to foreign governments.
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District Headquarters Hospital Medical Superintendent Mehr Iqbal said many of the quacks were also running medical stores with their clinics to earn double illegal incomes.
Legalization of illegal incomes requires introduction of some mass of money into circulation.
It grows when others choose to accept the illegal incomes as " perks of the job".
c) the percentage of those living on illegal incomes is decreasing
Illegal income was the main source of income for only 2% (HAT) versus 7% (AORT)--the difference in proportion was marginally significant.
Illegal income in the last month before entry (main source or additional income) was highly significantly reduced in persons entering in 2005/06 compared to the situation 10 years before, documenting a drastic decrease in criminal involvement of patients in both treatment approaches.
If illegal incomes are saved, there are also behavioral differences.
Instead of simply closing rackets that generate illegal income, the central objective has become to attack the flow of criminal profits after they have been earned.
First, where the threat of detection and loss produces an atmosphere of insecurity, illegal income is more likely than legal to be quickly consumed rather than saved or invested.
The projected annual incomes of those reporting illegal incomes ranged from $1,200 to $24 million, with an average of $144,000.
With these points in mind, the income data show high levels of illegal income, most garnered through illegal drug markets.
At the international donor conference held in June in Kyrgyzstan it was repeatedly mentioned that law enforcement agencies and courts lack special knowledge and skills in investigation and consideration of criminal cases related with legalization of illegal incomes and financing of terrorism.