Jan. 26, 2013
Medical marijuana, drug trafficking and the taxman
While certain provisions of the tax code are meant to ensure that illegal drug dealers can't deduct their business expenses, an unintended target is all medical marijuana dispensaries.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
With federal and California tax increases each taking larger shares of your income this year, there's a good deal of tax grumbling these days. Some of the tax grumbling triggers waves of populist rhetoric, such as when golfer Phil Mickelson suggested maybe he was paying too much. Some people start yelling "tax the rich." Some talk back advocating low flat rates. Some head for Nevada.
Taxes are inevitable, but everyone wan...
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