Monday, July 31, 2023

BLACK SHOP LIFTING IN AMERICA - IT'S BECOME BIG BUSINESS AND IT'S TAX-FREE!

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Shoplifting is tax evasion

Pop quiz: A progressive city institutes a 9.7% sales tax, how much tax revenue do they lose on shoplifted goods?

It's a good question, one that needs to be properly researched, answered, and thrown in the face of the tax and spend liberals.

When an item is shoplifted, the local taxing authority cannot collect sales tax on that item. The stolen item also contributes to the stores shrinkage, making the company less profitable... And subject to smaller income tax the state can collect.

Most of the items stolen are resold. Sometimes online, sometimes on the street in front of the store the item was stolen from. No sales tax is collected on the sale of the stolen items.

Although the stolen items are sold at a significant discount, the profit margin for the thief is 100%. Despite the huge profit margin, shoplifting rings probably don't file tax returns on the income made from the sale stolen merchandise. And yet another chance for tax collection is bypassed.

If the shoplifter is selling the item right outside the store it was stolen from (this is happening in Chicago and San Francisco), the government misses yet another taxing opportunity when the thief sells to someone who was on their way to buy the item legitimately.

When the store goes out of business because of shoplifting, the city loses property tax, all sales tax, and the state loses income tax from the corporation and from the laid off employees and managers.

When stores fire employees for reporting shoplifting, they help the shoplifter cheat the government even more by taking away income tax revenue in addition to the lost sales tax.

Retail theft is tax evasion. Can governments that have huge unfunded pensions (like Illinois) really afford to ignore the loss of tax revenue from retail theft?

Refusal to prosecute retail theft is the equivalent of using tax dollars to fund organized retail theft gangs. The big city liberals might as well be collecting money from working people and handing big bundles of cash to everyone who is in jail.

The government has 48,000 new, armed IRS agents, perhaps they should be out busting people who are evading taxes... Like shoplifters.

Image: Fastly

The Gift That Keeps On Giving: Chicago Man Charged in Years Long $6M Home Depot Scam

Chicago Police Department

AMY FURR

28 Jul 2023293

4:00

Officials have charged a fourth suspect in a fraud scam that caused Home Depot stores in Chicago to lose a massive chunk of money.

In an article published Thursday, CWB Chicago said it reported in May the stores were defrauded by several individuals who racked up $900 credits over 6,000 times for one purchase a few years prior:

Officials said the scam began in March 2020 when someone purchased more than $6,000 from the home improvement chain’s 2570 North Elston location. Days later, someone returned to the store and said the purchase was for a tax-exempt church. A store employee accepted the tax-exempt documents and issued the representative a $900 gift card for the tax value.

Taxes on the purchase were $555, and that receipt was recycled for three years to make over 6,000 gift cards. Many of those cards had $900 on them.

“Cashiers scanned the receipt bar code from an accomplice’s phone each time, manually entered the tax exemption information, and then cut a gift card for the difference,” the report continued, noting some of the cashiers made several gift cards for the same purchase at one time, and some had a copy of the receipt saved on their phones to use.

He said the company was investing in more security guards, lighting, and additional lighting in parking lots, along with recording towers, in order to remedy the problem.

“And it’s not a place that many of us in retail thought we’d have to be,” he added.In December, an 83-year-old Home Depot worker in North Carolina died after reportedly being shoved by an alleged shoplifter, according to Breitbart News.

Gary Rasor, the victim, was allegedly assaulted at the store in Hillsborough when he tried to confront a man who was allegedly stealing pressure washers.

“Rasor suffered several fractured bones, and he was in the hospital for weeks and unable to walk. His condition worsened after he viewed footage of the incident for the first time, according to his wife,” the outlet said.

BLACKS APPEAR TO BE THE MOST VIOLENT SUBCULTURE IN THE WORLD

Witnesses described the suspect as a black man wearing a gold chain and a navy shirt, the Daily Mail said. Officers called a Level One Mobilization and have a person in custody, but did not confirm the suspect’s description. New York City Councilmember Erik Bottcher said the man had “mental health issues.”

Police: Suspect Stabbed Multiple People Outside Famous New York City Bakery

iStock/Getty Images Plus

ELAINE MALLON

27 Jul 2023105

3:01

A man is in custody after stabbing two people with scissors outside of Magnolia’s Bakery in West Village in New York City on Wednesday morning.

A 911 call was made at 9:58 a.m. First responders arrived on the scene quickly to treat the victims, Citizen reported. The man allegedly slashed a 24-year-old man in the arm and another man in the neck, the Daily Mail reported. Both are in stable condition.

Eli Klein, 45, witnessed the attack while he was walking with his wife and infant daughter on the sidewalk. They ran away as soon as the incident broke out.

“It happened so close – it was 10, 15ft away – and we were on the same side of the sidewalk,” Klein told the DailyMail. “Normally I would stop to help the guy or take a picture of the suspect and give it to the police but in this instance, I had my baby with me, we just ran, we didn’t wait.”

Owner of a nearby art gallery and a lifelong resident of New York, Klein said crime has become a greater worry.

“We’ve seen a steady decrease since whenever it was, decades ago, but unfortunately the decrease has stopped,” Klein told the DailyMail. “It’s not like it was in the 1980s or the early 90s, when it was much worse than this, but you want things to keep getting better and the improvement, the overall trajectory, has stopped.”

Crime statistics from November 2022 revealed just how prevalent violence and lawlessness have become in the big apple.

Breitbart News’s Amy Furr reported:

Crime in New York City increased over the past year but New York Gov. Kathy Hochul (D) claims data did not show bail reform as being the problem.
The New York City Police Department’s (NYPD) recent crime statistics show that year to date, rape was up 10.9 percent, robbery up 32.4 percent, burglary up 29.1 percent, and grand larceny up 38.5 percent.
During an interview Friday on CNN, Hochul asserted that “the data is not showing” that bail reform is causing the surge in crime, and “There are individual cases, but compared to pre-pandemic and when this was passed, I don’t think there’s a real disparity.”

The New York Bail Reform law went into effect on January 1, 2020.

Researchers from John Jay College of Criminal Justice found that more than 72 percent of violent crime suspects freed without bail were rearrested, compared to fewer than 62 percent who were rearrested before the bail reform law, Breitbart News reported.