Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why does the income tax law omit liability of the average working American?

0
Posted

Why does the income tax law omit liability of the average working American?

0

The income tax law omits liability because the Constitution does not permit the federal government to tax personal earnings. In other words, it would have if it could have, but it couldn’t so it didn’t. The Constitution prohibits the federal government from taxing property or person without apportionment among the States. By taxing 100% of personal earnings, the tax is being applied not only to the profit, if any, (income) derived from wages and salaries, but also taxing the human capital (your effort, knowledge, skill, energy and labor), which the Supreme Court says is your PROPERTY, that you invested in order to receive the wage or salary. “Income” is not what “comes in”, but only the profit, or gain. The IRS does not contend that any other gross receipts are income, only that portion of gross receipts that are above and beyond the investment required to receive them. For example, if one purchases property for $100 and sells it for $150, the IRS taxes only the profit. If it taxed mor

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.