The income tax law is taxing income.
Is it your assertion that income is the subject of the tax? Show me where a tax has been imposed upon income.
Income is an increase in assets.
Income defined:
The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as profit from financial investments.
Money defined:
1. A medium that can be exchanged for goods and services and is used as a measure of their values on the market, including among its forms a commodity such as gold, an officially issued coin or note, or a deposit in a checking account or other readily liquefiable account.
2. The official currency, coins, and negotiable paper notes issued by a government.
3. Assets and property considered in terms of monetary value; wealth.
Income has not been statutorily defined, so we must turn to the ordinary meaning of income, which is money, and money is assets, or property.
The income tax law does not need to list every possible source of income, because the 16th Amendment says that The Congress shall have power to lay and collect taxes on incomes, from whatever source derived....
The 16th Amendment does not say that income has been made the subject of any tax...
You are being flippantly derisive of those words, but they are the Constitutional provision that is applicable. Income is income, from whatever source derived.
Show me where income has been made the subject of a tax.
To the best of my knowledge, wages and professional activities are a source of income.
And when the source is being considered this is your first clue that the tax is not a tax upon income but upon some specified activity.
Washing dishes in a restaurant, for example, is a source of income for some people.
And as a source of income, it is not the income that is being taxed, or the source wouldn't be considered at all.
The act of landscaping, is a source of income for some people.
Same answer as above.
What has not be named as taxed events is defined by the words in the Constitution: from whatever source derived.
Income is not an event, it is property, or as you put it, an increase in assets. "From whatever source derived" is certainly not an event. Who do you think you're kidding?
[edit on 8-9-2010 by Jean Paul Zodeaux]





