Bad Penny
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« on: September 09, 2010, 05:09:30 am » |
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Geolib:
I've read your responses and I stand by my statements, with one exception: as I quoted: "He who hath a trade hath an estate", self-employed tradesmen do generate "income" within the proper lawful meaning for the purposes of lawful taxation of income (and I do NOT include by this the XVI Amendment to the US Constitution, which the US Supreme Court has rules establishes no new tax). But I now see that taxation of wages, in the context of taxation of corporate profits, constitutes double taxation upon the same income stream, and further constitutes taxation as income of funds received in the course of an equivalent exchange, rather than a profitable enterprise. Were the taxation levied against corporations on the basis of their land ownership, then corporations could simply avoid taxation by concealing their ownership of land.
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Are you taking over? Or are you taking orders? I ain't going backwards! We're going only forwards!
The Clash, White Riot
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