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KLC Lewis KLC Lewis is offline
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First recorded activity by BoatBanter: Jul 2006
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Default Gas $1.99/gallon!


"Dave" wrote in message
...
On Mon, 29 Jan 2007 00:01:10 -0500, Larry said:

[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!


Hate to burst your bubble, Larry, but wages are compensation for
services--the first item mentioned.


Naturally. The lawyers who wrote it didn't include "wages," "labor," or
"salary" for the simple reason that they had never heard those words before.
But they *would* have included them if they had ever heard about them.