re: #152 gmsc

The Rise of the Underground

Hat tip: Instapundit

re: #175 littleoldlady

It’s taxable under U.S. tax law.

Going back and reading the article, to what are you referring?

I’m pretty sure that you don’t mean an market in India is taxable under US law?

As for the entire concept of underground markets, yes, the activity is taxable, but the whole point is that the people involved are faced with a choice of either breaking the law or not surviving.