Winnings Taxable
September 6th, 2009If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Question: Is an individuals income "personal property" (not taxable) and is the 16th amendment abused by the IRS.
The 16th Amendment reads:
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.
The Supreme Court defines "income tax", as an excise tax "imposed with respect to the doing of business in corporate form".
With tax on property, gas, sales, heating, communications, cable, auto registration, inheritance, lottery winnings, capitol gains, home sales, home buying and even foreclosure the government is completely over taxing like never before.
Question is, if the federal reserve bank is privately owned by anonymous individuals and corperations, why am I sending my money away without there being an accounting of how the tax collected is spent?
Isn't this taxation without representation?
Answer: There has been a few cases where it was determined that the IRS could not provide the actual law that requires you to pay federal income tax.
See the film Freedom to fascism (On google video) where one is ruled on in favor of the defendant specifically because the IRS did not provide the legal president. There are also several Supreme court cases sited at the Cornell law library that have a baring on this hypothesis.
Most Americans wouldn't try this because of the IRS's very aggressive seizure and prosecution policy, but there very well could be a reason they operate with such disregard. They use the ultimate big stick approach in hopes of bullying the citizens into submission and compliance.
Even the police force doesn't use such tactics on criminals. The FBI even fears the IRS.
Down side of winning big prize
Q: I just won a raffle prize for a trip to Europe valued at $7,500. Do I have to pay taxes on this prize? A: Generally, prizes you win from sweepstakes, raffles and contests are taxable as ordinary income. Prizes other than cash (car, cruise, etc.) are valued at their fair market value.
Tax Tip: Gambling Winnings & Losses 2009
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