Video instructions and help with filling out and completing Are Form 843 Wage

Instructions and Help about Are Form 843 Wage

The term income is not used in the Constitution and it's not to find anywhere in the income tax act so as brush aver points out by an implication it could only mean that it's the income as it would have been defined in 1787 when the Constitution was drafted okay so the Constitution was written in 1787 it was ratified in 1789 when it was written income would not have included wages or other compensation for labor only earnings on land or capital such as crop sales rents interest dividends or capital gains compensation for labor would have been considered an equal exchange the definition the use of the word at that time in 1787 would have been as an exchange okay compensation for labor is an exchange labor for something else of value like barter if an employer doesn't pay an employee right away but lends themself money for a time then later pays with interest added the interest would be income on the labor okay but not the wages not the the money paid for the labor they're the principle on which the interest is calculated that all comes out in that case it is a really important case to read and understand it's long winded but it's very very good you