jbreher
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March 12, 2018, 07:42:31 AM

As we know, the IRS does not claim that you owe income tax on revenue. The IRS claims you owe income tax on income. Which is revenue minus expenses.
actually the IRS has never defined anywhere in their code what exactly is income.  Moreover there is no where in their code that requires most ordinary people to pay an income tax.  But they will fine you $25000 for making any argument like this. And if you are a great communicator and share these views you may end up in prison, like Sherry Peel Jackson (Sherry Peel Jackson Tells it Like it is, IRS is Fraud - Part1) https://www.youtube.com/watch?v=ooHTg6-Y078

Yes, there are great gaping holes in the IRS's public claims. Which is why I phrased it as 'the IRS claims that you owe', rather than 'you owe'. And yes, they have barred any discussion of the actual law from any tax cases. But that is another conversation pert near as large as the entirety of crypto. Ain't nobody got time for that. At least not in this venue.