Judge Cites Rapper In Wrap Ruling
I’m wondering whether that was the first time a state supreme court has cited a rap album as a source. It is worth noting that Justice Monica Marquez who wrote the opinion was, more or less, on her way to Yale Law School when Redman (Reginald Noble), who is about her age recorded his blunt rolling instructions in 1992.
Tax Woes Of The Marijuana Business Where Conservatives Lose Their Enthusiasm For States Rights
One way to mitigate the effect of 280E is to allocate expenses to a separate legal business. This technique was upheld by the Tax Court in Californians Helping to Alleviate Medical Problems in 2007. Free services such as yoga, instructions in use of vaporizers and on-site munchies do not help though.
Nick indicated that the IRS has been very aggressive in auditing cannabis establishments. Audit coverage is high and there is little give. They are looking deeply into payroll records for 280E disallowance and holding firm on not updating what goes into cost of goods sold. Based on the 471 interpretations, cannabis establishments are not being allowed to have the advantage of bonus depreciation.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.