How much profit did you make last year?

420weedman

420weedman

Well-Known Member
dull1554 said:
well obviously i'm not a criminal mastermind or anything, i grow for me and my wife, i dont sell anything. period... I'm not a drug dealer.

I'm a Botanist :bigjoint:

i truley hope that medicinal laws come to the place i call home so i dont have to worry about getting my door busted down after one of my next door neighbors catch a whiff of my herb.......

gotta go to work but i made the decision this morning after my lights and fans came on and it smelled like a skunk had its way with my house, that i'm OMW to wally world after work tonight for some activated carbon.
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you dont need to be a criminal mastermind to know what a paper trail is ;) ....

and hell yea ... i await that day also, just want to smoke my own herb in PEACE:peace:
 
SSP

SSP

Well-Known Member
I just got my medical license signed Tuesday! I'm allowed 12 plants but only 2.5 ounces of dope. Thats going to leave lots of extra. I really do have a medical condition and go to the hospital once a month for an infusion of a drug called remicade. Its administered in the chemo ward. I see SO many people there that could beninfit from herb but don't want to smoke it. I think I'm going to try making a line of baked goods to help others out. My friends of course will get the "friends and family" discount on their smoke but I'm not a dealer either nor do I want to be. I figure I'd charge my friends like $100 an oz or something just until I make back my start up costs.
 
D

docd187

Well-Known Member
fdd2blk said:
why would you put it in the bank? :neutral:
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i'd put some of it in the bank to keep it safe in case someone robs my home or something along those lines. plus if its in a cd, money market, savings, etc. account you can even earn interested on it. if you worry about the feds tracking down your bank accounts, you can always go to a swiss/cayman bank or just rent out a safe deposit box and stash some cash in there.
 
J

Jtoth3ustin

Well-Known Member
shit 2 grand about. money spent on the setup pretty much. planning on 4 this crop.... and you can put your money in a the bank. the way to do it is...... GAMBLING.. launder your money in there system... give some relatives like 10 grand.. they get 10 grand in chips. you let them spend 1 grand a peice. so you might even come out with more money. anyways. your buddy gambling gambles the one grand, so you have 9 grand plus possible winnings. then just cash the fuck out. then claim it at the end of the year...Pe@ce...
 
whitey111

whitey111

Well-Known Member
Im from so. Cali and an average price here is 110 per quad. Thats for hydro high end, clinics are more expensive. Good luck finding anything less than 55 an eighth here
 
murtymaker

murtymaker

Well-Known Member
Jtoth3ustin said:
shit 2 grand about. money spent on the setup pretty much. planning on 4 this crop.... and you can put your money in a the bank. the way to do it is...... GAMBLING.. launder your money in there system... give some relatives like 10 grand.. they get 10 grand in chips. you let them spend 1 grand a peice. so you might even come out with more money. anyways. your buddy gambling gambles the one grand, so you have 9 grand plus possible winnings. then just cash the fuck out. then claim it at the end of the year...Pe@ce...
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How do you claim money winnings from gambling? U don't get a W-2 for that... and what do you do with the 9k that wasn't invested in gambling... I like where your head is at but I don't quite follow.
 
420weedman

420weedman

Well-Known Member
murtymaker said:
How do you claim money winnings from gambling? U don't get a W-2 for that... and what do you do with the 9k that wasn't invested in gambling... I like where your head is at but I don't quite follow.
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your supposed to claim it on your taxes, just like when you buy something off ebay/online store from another state..... LEGALLY you have to report it so they can tax you for it.

not many people do tho :joint:
 
J

Jtoth3ustin

Well-Known Member
yea. like its one of those lil things people forget to fill out when doing your taxes, or you dont know you can. my buddy did it a couple of times to see if its worth it. but he said he'd rather just "keep it in the matress" metephoricaly... Pe@ce...
 
J

JustSayNOOOOOOO

Member
Publication 525 (2008), Taxable and Nontaxable Income

Page 33 √:
"Illegal activities. Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on form 1040 line 21, or on schedule C-EZ (Form 1040) if from your self employment activity."

Page 34:
"Kickbacks. You must include kickbacks,side commissions, push money, or similar payments you receive in your income..."

Page 35:
"Stolen property. If you steal property, you must report its fair market value in your income in the year you steal it unless in the same year, you return it to its rightful owner"

Page 3?:
"Bribes. If you receive a bribe, include it in your income. "


http://www.irs.gov/publications/p525/ar02.html

as reported by www.whatreallyhappened.com
 
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NoDrama

Well-Known Member
Well I guess in a year I make about $10,000, but take out of that supplies, and electricity and thats down to about 7k. I don't have much cash, it has no REAL value its just a piece of paper. What i do is buy Gold and Silver, for many reasons, #1 it holds its value better than any other asset against inflation, #2 i can bury it in the ground and dig it up 30 years later and it will still be in perfect condition #3 its mandated by the US constitution as "Real" money #4 It will never be worth nothing #5 Highly liquid in any part of the world #6 has been used as a store of value by mankind for 5000 years #6 Gold and silver sales by law are not to be reported to the government, only the cash sale would be if its over 10k. I bought a lot of silver last november and so far have made 70% profit on that, but I won't pay taxes on it cuz the govt can never prove that I own any. And one of the best reasons to own gold and silver is because the Govt cannot tax it ( By Law) and therefore cannot control it nor can control the person who has it. Remember the golden rule! He who has the gold makes the rules. Did you know that if you left the country with ANY amount of gold you would not have to declare it? thats right, its protected by law. Massive inflation is coming in the next few years, will you be ready for it?
 
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