I read 26 US Code 6012, which makes reference to “gross taxable income”. Could you point out where the code identifies “taxable income” or “gross taxable income”.
Based on the rules of construction the terms “taxable income” and “gross taxable income” means there is some income that is not taxable.
I am truly curious as to what the law states as to exactly what is taxable income.
I can't. This is why I said in an earlier post (not to you) that I am open to the possibility that tax payers are correct on some technical point. However, that doesn't matter, because the courts have ruled that you are in fact required to pay taxes along the general lines that we currently pay them. The various arguments persued on this thread have gone to court and lost.
Some people don't understand that in the US court rulings are law. For example, Brown vs. Board of Education made law. It was ruled that seperate but equal was unconstitional, and it was now law that you couldn't seperate kids by the color of their skin.
Likewise, there may be screwy things about the IRS code, but the courts have ruled countless times that you have to pay your taxes along the lines we generally pay them today (and I use that vague phrase to encompass all of the ideas that wages aren't income, etc). All of those things have been tried, and the people who tried them have lost.
woops. I meant "tax protestors".
The Internal Revenue Code of 1954 was passed by both houses of Congress as House Resolution 8300, and was signed by President Eisenhower on August 16, 1954, at about 9:45 a.m., becoming Public Law 83-591, 68A Stat. 3. The Internal Revenue Code is now known as the “Internal Revenue Code of 1986” as a result of changes made by Public Law 99-514, 100 Stat. 2085 (10/22/1986). More recent amendments to the Internal Revenue Code (as well as other public laws) can be found on-line through the “Thomas” web site maintained by the Library of Congress.
Here is what the code says is taxable income...
Section 61(a) of the Internal Revenue Code states defines “gross income” (which is the starting point for the calculation of taxable income) as follows:
“Except as otherwise provided in this subtitle, gross income means all income from whatever source derived....”
(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: