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bluestate10 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-28-10 09:43 PM
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Something to chew on.
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baldguy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-28-10 09:56 PM
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1. And keep in mind that it doesn't count earnings from capital gains.
Edited on Tue Dec-28-10 09:56 PM by baldguy
If you make money trading stocks, that's not "income".
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The Magistrate Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-28-10 11:37 PM
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2. What is To Be Swallowed After Chewing, Sir?
Income taxes have always been intended for the upper starta of earners: at its commencement in the modern era, little more than one in twenty persons made enough to be liable to the tax. In Mr. Smith's view, taxing the 'income' of wage-earners does not and cannot actually take place; he reasons anything they pay is simply advanced them by their employer, who, they did not have to pay the government some amount, would simply pay them that amount less.
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