Louisiana wants convicted steroid dealer to pay $47 million in taxes on profits

Steroid News

News bot on steroids
Drug dealer fights $47 million side effect
[SIZE=-1]WWL[/SIZE]
[SIZE=-1]A convicted drug dealer is challenging a state law that requires the purchase of "drug stamps" as a means of paying taxes on controlled substances after being told he owes the Louisiana Department of Revenue more than $47 million. [/SIZE]

[SIZE=-1]Todd Matherne, 28, says in a state district court lawsuit that he only learned about the tax when he tried to get a house loan after serving his time following a 2006 guilty plea. It was then that he was told the revenue department had a $47 million tax lien against him. [...][/SIZE]

[SIZE=-1]Matherne was one of three people arrested in Houma in 2005 in connection with a ring that state police said sold steroids and impotence drugs by mail. A state police news release at the time described an operation that sold counterfeit versions of at least seven brand-name drugs. Hundreds of bottles of liquid steroids were confiscated. [/SIZE]

[SIZE=-1]Matherne said in his lawsuit that he pleaded guilty to six drug charges and was sentenced to prison but not fined. [/SIZE]
[...]

[SIZE=-1]According to the tax stamp law, each gram of marijuana is taxed at a rate of $3.50. Other drugs are assessed at $200 per gram if sold by weight or $400 per 10 dosage units. Anyone who fails to purchase the stamps can be made to pay twice the amount of tax owed. [/SIZE]
[SIZE=-1]...[/SIZE]


More...
 
Drug dealer fights $47 million side effect
[SIZE=-1]WWL
A convicted drug dealer is challenging a state law that requires the purchase of "drug stamps" as a means of paying taxes on controlled substances after being told he owes the Louisiana Department of Revenue more than $47 million. [/SIZE]


[SIZE=-1]Todd Matherne, 28, says in a state district court lawsuit that he only learned about the tax when he tried to get a house loan after serving his time following a 2006 guilty plea. It was then that he was told the revenue department had a $47 million tax lien against him. [...][/SIZE]

[SIZE=-1]Matherne was one of three people arrested in Houma in 2005 in connection with a ring that state police said sold steroids and impotence drugs by mail. A state police news release at the time described an operation that sold counterfeit versions of at least seven brand-name drugs. Hundreds of bottles of liquid steroids were confiscated. [/SIZE]

[SIZE=-1]Matherne said in his lawsuit that he pleaded guilty to six drug charges and was sentenced to prison but not fined. [/SIZE]
[...]

[SIZE=-1]According to the tax stamp law, each gram of marijuana is taxed at a rate of $3.50. Other drugs are assessed at $200 per gram if sold by weight or $400 per 10 dosage units. Anyone who fails to purchase the stamps can be made to pay twice the amount of tax owed, payday loans in Quebec/
...
[/SIZE]


More...
Hi! Thank you for sharing. Do you have any updates?
 
Back
Top