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Response to Lochloosa (Reply #2)

Wed Sep 19, 2012, 11:03 PM

9. Sounds like that fuss I had earlier today about atheism and semantics!

 

Income from wages is income.
Income from capital gains is income.
Income from interest is income.
Income from dividends is income.
Income from robbing banks is income.

And on and on it goes.

I think the law actually says this, in relevant part:

http://www.law.cornell.edu/uscode/text/26/61

> 26 USC 61 Gross Income Defined
>
> (a) General definition
>
> Except as otherwise provided in this subtitle, gross income means
> all income from whatever source derived, including (but not limited to)
> the following items:
>
> (1) Compensation for services, including fees, commissions,
> fringe benefits, and similar items;
>
> (snip)
>
> (3) Gains derived from dealings in property;
>
> (snip)

"All income from whatever source derived"

The tax on capital gains is an income tax!
The tax on wages (compensation for services) is an income tax!

Get it!

Sincerely,
Robert Baty

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Replies to this discussion thread
Arrow 24 replies Author Time Post
TomCADem Sep 2012 OP
Travis_0004 Sep 2012 #1
Lochloosa Sep 2012 #2
Travis_0004 Sep 2012 #3
progree Sep 2012 #5
LineLineLineReply Sounds like that fuss I had earlier today about atheism and semantics!
RLBaty Sep 2012 #9
lumberjack_jeff Sep 2012 #10
TomCADem Sep 2012 #4
progree Sep 2012 #6
Laura PourMeADrink Sep 2012 #7
progree Sep 2012 #15
Laura PourMeADrink Sep 2012 #22
Jeff In Milwaukee Sep 2012 #19
mary195149 Sep 2012 #8
BlueStreak Sep 2012 #11
RLBaty Sep 2012 #12
thesquanderer Sep 2012 #13
progree Sep 2012 #14
TomCADem Sep 2012 #16
progree Sep 2012 #24
Travis_0004 Sep 2012 #18
TroyD Sep 2012 #17
Jeff In Milwaukee Sep 2012 #20
tavalon Sep 2012 #21
WI_DEM Sep 2012 #23
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