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In an agreement, Edwards pleaded no contest -- the equivalent of a guilty plea in a criminal case -- to a reduced charge of causing a public nuisance. Permitting a pickpocket to plead to a reduced charge or to receive the minimum term on a felony conviction decreases the punishment to merely a cost of doing business. 132(e)(2) provides that a bargain element is excludable from income when an employee pays a reduced charge. |
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