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With that being about $500,000 a year of sales between 4 people and not including cost of goods or any other expenses I am not seeing a big profit there. Don't get me wrong it's a good business but that just ain't worth it. And you know for damn sure the sales on that business weren't showing up on any tax returns!
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Originally Posted by
tcinbc66
With that being about $500,000 a year of sales between 4 people and not including cost of goods or any other expenses I am not seeing a big profit there. Don't get me wrong it's a good business but that just ain't worth it. And you know for damn sure the sales on that business weren't showing up on any tax returns!
if they paid taxes on it they probably would have been left alone
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All the gory detail is here (pdf).
Well worth the read...
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Originally Posted by
Reliable_DNP
All the gory detail is
here (pdf).
Well worth the read...
Quite the read. It's amazing how patient those bastards are. I went through something similar when I owned a few headshops years ago. My business partner started making and selling spice and bathsalts on the side. Within a year he was selling millions worth a month. The Feds kept track of him for 2+ years collecting info and watching him grow until they finally swooped in arrested him and took everything. I got wrapped up in it because of our business relationship. He was a baller for a couple years though lol
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Originally Posted by
Xtreme4Life
Quite the read. It's amazing how patient those bastards are. I went through something similar when I owned a few headshops years ago. My business partner started making and selling spice and bathsalts on the side. Within a year he was selling millions worth a month. The Feds kept track of him for 2+ years collecting info and watching him grow until they finally swooped in arrested him and took everything. I got wrapped up in it because of our business relationship. He was a baller for a couple years though lol
That was a really beneficial time when that stuff was actually legal.
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