Under your plan who exactly gets to define what is , or is not, “income”?
How is income defined now? Same way. Includes capital gains.
I am not in favor of a sales or consumption tax, unless the income tax is constitutionally banned. We do not need another new tax in the country, no matter how low - because it will not remain low for long.
Agreed. Income is already defined as a gain. Define or redefine gain.