? for spence

[Jim in CT]

Originally Posted by wdmso

You do know the plan is just for billionaires


Merit really


In 1913, the Sixteenth Amendment to the U.S. Constitution was ratified. It states: "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."

1 second google search Jim you should try it ..

Congress decides the source they make the laws
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i did that search. that’s why i asked the question.

do you know what an unrealized capital gain is? how is that income? YOU DONT HAVE THE MONEY YET.

if someone gives you an IOU, is that income? or is it i come once you have the money in your possession?
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[wdmso]

Originally Posted by Jim in CT

i did that search. that’s why i asked the question.

do you know what an unrealized capital gain is? how is that income? YOU DONT HAVE THE MONEY YET.

if someone gives you an IOU, is that income? or is it i come once you have the money in your possession?
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i was clear that's for congress to decide what's deemed as income ..

not me

[Jim in CT]

Originally Posted by wdmso

i was clear that's for congress to decide what's deemed as income ..

not me

is your boat “income”? or your signed copy of Chairman Mao’s Little Red Book?

assets aren’t income.
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