 Rebate stimulus checks? |
| i want to check when i will receive my stimulus rebate ... |
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 Ok its May 30 and wheres the stim tax check? |
They said on the news and site go by last 2 dodgets of ss# and Iam o6 wheres mine and has anybody got deposit yet? it would be nice if somebody got it !
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Duh I feel ... |
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 Is there aby way to opt out of Social Security for an employee? |
| To me Social Security is a waste of my money. I cant retire till I am 70 and by then , there will be nothing left. If I invest or even bank that money, I will be getting a lot more productivity out ... |
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 Have i been paid to much? |
| i ve just received my first pay on mat leave but i ve been paid for working and smp, ive been told i dont get smp in advance and i worked right up to the 4th week before childbirth. have i been ... |
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 Do Medical Bills have to be paid in full to claim on taxes? |
I know all about the deductions and the 7.5%, but the question I have is:
I have several thousand dollars due to hospitals and various medical offices due to a serious automobile accident I... |
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 Should I file taxes jointly with my wife or not? |
My wife and I were married back in the beginning of November and in the upcoming tax season would it be better to file jointly or separately?
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I don't have a tax ... |
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 I'm a minor, Do I pay taxes? |
| I live in New York and this is my first job. I make 7.50 an hour, in addition the job I'm working in is seasonal (meaning after january, I'll no longer be working there). I'm 16 if it ... |
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 How to save on taxes?? |
| I am single and currently paying $1200/per month in State and Federal taxes.. I am just wondering how can I cut that # down so i wont pay that much per month.. End of the year I only get about $1000 ... |
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 Second job...why do people get taxxed so heavily for it? |
| Surely we pay enough tax on our primary job! Politicians need to revise this law or at least outline an explanation as to why they tax so heavily!... |
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 Why do movie-stars get paid so much? |
| Movie stars get paid too much money for one movie, they star in, and people only watch it like what once or twice, it's insane, that money could be going to good causes, but instead it's ... |
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 Why do we pay taxes anyways? |
| Just wondering, what does our tax money go to anyways? I get more than $100 taken out of my check each week and I know some of that goes to my medical and dental ($29 and $6 weekly) but where does ... |
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 Can my employer write me up for not coming on my day off? |
| i answered they phoned they asked me to come in on my day off and i said no they said its unexused can they do that can they write you up for not coming on ur day off im not staying near the ... |
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Bennehanna T | Does the 16th Amendment specify what is to be considered as "income," is all labor earnings considered income? |
I know that the 16th authorizes the government to levy taxes on income, that is not the issue, the issue is that wages earned from working is not income, it is technically an equal exchange of capital for labor. This may seem inconsequential, but I wanted to know if anyone has evidence to the contrary. Peace. |
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Beau
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No the tax code does that. |
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wartz
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Money for labor is not an equal exchange for tax purposes according to the supreme court and this fruitcake argument has been discredited for decades. Don't waste your time on it. |
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bostonianinmo
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Income is defined in Title 26 of the US Code. Without listing everything there, the key item is "compensation for services..." That clearly covers your wages from employment, either from an employer or as self-employed.
The baffle-gab about "equal exchange of capital for labor" is classic Tax Kook gobbledygook. The phrase has no legal meaning under the law. No evidence is needed to debunk it because it is not defined in law. It has been raised so often enough by the tax protester fools and rejected by the courts that uttering the words at trial can attract a $25,000 fine for raising a spurious defense. |
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Hank Roitman, EA
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Yes, CFR Title 26, aka the Internal Revenue Code. See Sec 61(a)(1) which includes "compensation for services" under the general definition of gross income.
Whereas you see it as an equal exchange, in fact there is no "cost basis" in labor. That is, you have never paid anything for it, thus there is no basis to deduct from the gross value received. So the full value received is taxable income.
Yes, this defies common sense, but is there anything that has come out of D.C. that does not?
Here's another common scenario: two contractors each exchange $1000 of their labor. The correct treatement is that each reports $1000 of income from this transaction. Of course, often they break the law figuring "it's just between us", no audit trail". Bad karma, too. |
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Java
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I think the court's have pretty much covered that silly argument. Whether or not it's an equal exchange is your problem, but Uncle gets his cut. |
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mjmorell
 |
The 16th amendment does not specifically define income, but the Internal Revenue Code does. Wages do count as income according to the IRS. See the link below, which was posted on their website to answer the allegations swirling around the Internet. |
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Dan H
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this is all it says:
The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration. |
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Brad456
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go here;
http://en.wikipedia.org/wiki/Sixteenth_Amendment_to_the_United_States_Constitution |
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Wayne Z
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"Labor" has never been taxed and never will.
"Wages" are subject to income tax.
The constitution does have to specifically allow something in order for it to be taxed. That is and was up to the courts to decide.
Another way to look at it:
You give your boss 8 hours of your time and he pays you wages. How much does that time cost you? $0.00. We all get 24 hours a day. What we do with it is up to us.
Wages earned
Less: Cost of Time ($0.00)
Equals: Economic Gain.
Plus, the "no economic gain from exchanging labor for wages" argument has been used in court many times and has never won. |
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self
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thats a very good question. |
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