Word: taxed
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Dates: during 1980-1989
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After legislating the largest tax hike in 10 years and facing the possible loss of hundreds of millions of dollars in local aid to cities and towns, the Bay State cannot afford to ignore Galvin's plan. This is especially true because start-up costs would be so low: lottery officials say their computers are already geared to this type of betting...
...There is no exemption in the [state] statue for illegal income, for illegal goods. It doesn't say anything about if it is illegal you don't have to collect a tax...
Internal Revenue Service (IRS) spokesperson Johnell Hunter said it wasn't the IRS's policy to comment on the tax enforcement efforts of the individual states. "That's their business," she said. "But I know that we feel here at the IRS that to get the drug dealers where it really hurts, is to take the money away from them...
Whether those assets are immediately found is not imperative. Houghteling said that once the state levies its tax bill, it will have six years to collect. "So if three years from now [a dealer] buys a house on the Cape, that could be held to pay off his tax tab," she said...
...tax collectors aren't expecting to get a lot of voluntary compliance from their crackdown. Nor are they expecting dealers to start charging a 5 percent sales tax to their buyers...