Income Tax Law
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Question: Yes or No: Do you know that the Income Tax is nowhere in the Law or Constitution?
Answer yes or no and add any comment, the best comment wins. Bonus question: do you know all the US ammendments.
Be honest don’t research before saying YES. There are some folks offering a million dollars to whoever finds such Income Tax law, if you can also mention who are these guys then it will definetly be a plus.
Guys, forgot to mention that the FEDERAL RESERVE is not the same as the Congress.
Answer: Actually you are not correct. 16th Amendment:
“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.”
Seems pretty straight forward to me. “taxes on income” …. “income taxes”….. yeah pretty much right there.
Then there’s all of Title 26 of the US Codes, dealing with income tax.
Plus that fact that I’m working as part of the defense team on a tax law case in federal court right now, so I have some familiarity with the relevant code sections and several dozen out of the hundreds of cases that have interpreted them.
And no, I can only name probably 16-20 of the Amendments off the top of my head. And I get a little fuzzy with the numbers after the 17th.
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TurboTax Home & Business Federal + e-File + State 2010 – [Old Version] $8.39 Designed for sole proprietors, self-employed, consultants, 1099 contractors, and single-owner LLCs. Expanded interview walks you through entering business income and expenses to help you maximize business and personal deductions, home office deductions, depreciation and more. Create W-2 and 1099-MISC forms for your employees and contractors. The Intuit TurboTax Home & Business Tax Year 2010 Softwa… |
Waynesville council approves income tax
WAYNESVILLE — Officials say they’ve cut staffing by 30 percent in the past four years and have not given a raise to any village employee since 2008. Still, the village remains on the brink of financial ruin, forcing council Monday, Dec. 21, to enact a one percent income tax with a 6-1 vote.Waynesville has been in fiscal emergency since 2008 due to years of over spending and bad record keeping in …
NO INCOME TAX LAW FORMER “IRS” AGENT JOE BANNISTER PART 1