When Crime Doesn't Pay: The Tax Consequences of Criminal Conduct

By Megan L. Brackney
Journal of Taxation
November 2005 Edition

The oft-quoted maxim that"the power to tax is the power to de­stroy"' is keenly felt by those tax­payers convicted of committing financial crimes. Defendants preparing to plead guilty to such felonies are thinking predom­inantly about whether they are going to prison. They also may be considering how much restitution they are going to owe, whether they are going to lose their proper­ty through forfeiture, or whether they will have anything left after paying their legal fees.

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