Larry wrote:

Dave wrote in news:10umr2l9lgv1dmc7am4epn7ed0psl3h02s@
4ax.com:


http://docs.law.gwu.edu/facweb/jsieg.../IncomeTax.htm


"26 U.S.C. § 61
[G]ross income means all income from whatever source derived, including
(but not limited to) the following items:
(1) Compensation for services, including fees, commissions, fringe
benefits, and similar items;
(2) Gross income derived from business;
(3) Gains derived from dealings in property;
(4) Interest;
(5) Rents;
(6) Royalties;
(7) Dividends;"

The point EXACTLY. INCOME has NOTHING TO DO WITH WAGES....
IT DOESN'T SAY WAGES....IT SAYS INCOME FROM PROFITS!




Larry

So what do you think "(but not limited to)" means? And isn't salary
and/or wages forms of "compensation for services"?