Just don’t forget to claim the value of your stolen goods on you 1040. IRS Publication 17…..Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Schedule 1 (Form 1040), line 8z, or on Schedule C (Form 1040) if from your self-employment activity,” read the 2021 the IRS guidelines.
The guidelines also require that those who steal property must report fair market value as income in the year that the item was stolen. Of course, one can avoid paying taxes on such items so long as the person returns them to the person they were stolen from in the first place.
Steal if you must but not from Uncle Sam. Some of the biggest gangsters were brought down for failing to declare their illegal income and went to prison for tax fraud.
BigDaveGlass about 3 years ago
From one robber to another……
Doug K about 3 years ago
As long as the King gets his cut, it’s all good.
sandpiper about 3 years ago
Wasn’t a lot left for the poor if the record is correct.
Ray Helvy Premium Member about 3 years ago
Wow, an actual picture of Robbing Hood! Now I only need the picture of The Lone Haranguer to complete my collection!
Troglodyte about 3 years ago
Honour among thieves?
Gent about 3 years ago
Me steals foods from the greedy and gives it to the needy. Well, me is very needy meself, so first me gives it to meself.
jagedlo about 3 years ago
Buying a pardon, Robbing?
Count Olaf Premium Member about 3 years ago
He deducted what he gave to the poor as a charitable contribution. Smart guy. Win-win.
geese28 about 3 years ago
Might be the fink’s alter ego
vaughnrl2003 Premium Member about 3 years ago
It’s okay to be a rat as long as you pay off the fink. Professional courtesy, and all that.
preacherman Premium Member about 3 years ago
The little fink doesn’t mind what you do with your life, just so long as he gets his.
jim_pem about 3 years ago
So basically Robbing Hood is now a tax collector.
WCraft Premium Member about 3 years ago
Illinois politician have been promising to do that for years and they have. Problem is, the people with money are leaving the state. Bad plan.
TMMILLER Premium Member about 3 years ago
Just don’t forget to claim the value of your stolen goods on you 1040. IRS Publication 17…..Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Schedule 1 (Form 1040), line 8z, or on Schedule C (Form 1040) if from your self-employment activity,” read the 2021 the IRS guidelines.
The guidelines also require that those who steal property must report fair market value as income in the year that the item was stolen. Of course, one can avoid paying taxes on such items so long as the person returns them to the person they were stolen from in the first place.
rands1231 about 3 years ago
Is Robbing Hood any relation to Robin Hood ?
Goat from PBS about 3 years ago
He doesn’t have a hood on, so “Robbing Hood” makes no sense.
stamps about 3 years ago
I stole an road sign once. It was highway robbery.
mistercatworks about 3 years ago
Steal if you must but not from Uncle Sam. Some of the biggest gangsters were brought down for failing to declare their illegal income and went to prison for tax fraud.
zarilla about 3 years ago
It’s usually “stealing from the rich and giving to the poor.” What’s the “it”?
tinstar about 3 years ago
Frank Costello, in a previous life?