Comment: Thanks for the distraction of the topic.

(See in situ)


Thanks for the distraction of the topic.

However let me address a key misconception about the IRS.

Most people think they make "income."

Income. The return in money from one's business, labor, or capital invested; gains, profits, salary, wages, etc.

Money. In usual and ordinary acceptation it means coins and paper currency used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate. Lane v. Railey, 280 Ky. 3 1 9, 133 S.W.2d 74, 79, 8 1 . See also Currency; Current money; Flat money; Legal tender; Near money; Scrip; Wampum.

Can you please for the sake of clear communication tell me if you accept these definitions? Both are out of Black's Law 5th edition.

Can you please also tell me if a FED Note is money?