Yes, Bribery Is Still Taxable

@Susan2015 (22156)
United States
September 9, 2016 6:04am CST
I wrote about this a couple of years ago on a different site. It’s still in the IRS rules in Publication 17. I still can’t believe this is in the IRS handbook. If you receive a bribe, you have to include it in your income. You cannot deduct illegal bribes or kickbacks. I wonder how many people in a year do these two things. If someone claimed these items, my guess is they would be in deep doo doo trouble.
19 people like this
13 responses
@simone10 (21646)
• Louisville, Kentucky
10 Sep 16
I never knew that existed, let alone is in the handbook. I think anyone who would do this would be in big trouble, like you stated.
4 people like this
@Jessicalynnt (47879)
• Centralia, Missouri
10 Sep 16
or ill gotten gains, then you end up in the rock like that one gangster who's name escaped me, during probation or something, since they never got him for moving booze, they got him for not paying his taxes lol, al capone?
2 people like this
@marlina (80438)
• Canada
11 Sep 16
Yes, I believe that it was Al Capone/
1 person likes this
@BettyB (4205)
• Summerville, South Carolina
10 Sep 16
So many rules and laws are never removed when they outdate. It's still legal to beat your wife in South Carolina as long as the stick is no thicker than a man's thumb. That's where the saying 'rule of thumb' came from.
2 people like this
@marlina (80438)
• Canada
11 Sep 16
@BettyB, Seriously, that stupid law is still on the books over there?
@OreoBrownie (3653)
• Commerce, Georgia
9 Sep 16
I didn't know that. I never even knew what a kickback was. I'm still not sure. I guess it is getting something in return for something.
2 people like this
@epiffanie (10447)
• Australia
11 Sep 16
LOL ..big trouble ..
1 person likes this
@RubyHawk (30532)
• Atlanta, Georgia
11 Sep 16
I think that's one rule that no one follows. Who would have thought it.
1 person likes this
@just4him (132049)
• Green Bay, Wisconsin
10 Sep 16
I'm sure they would.
1 person likes this
• Preston, England
10 Sep 16
it is apparently still in the law here that we can shoot the Welsh with bows and arrows from the walls of Chester without fear of legal reprisal - no one is rushing to do it though - some laws just get forgotten on the statute books but it would be dumb to try to break them anyway
1 person likes this
@vandana7 (68969)
• India
9 Sep 16
It refers to International bribes. They are paid for arms deals.
1 person likes this
@rebelann (43534)
• El Paso, Texas
9 Sep 16
Dang, I thought it was illegal to bribe ..... k, maybe only if it's a politician ..... I better tell the furmily they must stop bribing me besides, I bought that food for them so it's not really a bribe, right? For some reason the idea that they even mention bribes tickled my funnybone.
1 person likes this
@PatZAnthony (13234)
• Charlotte, North Carolina
12 Sep 16
Wow! Who knew? Guess anyone who read that section of the handbook might-
@theBlock (2757)
• United States
11 Sep 16
@Susan2015 The IRS knows what it's doing. They know bribes are prevalent throughout the U.S., especially the govt., and they want to capitalize on it.
@responsiveme (18023)
• India
10 Sep 16
WHAT ???