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17223MOTION TO DISMISS INCOME TAX INDICTMENT-- Rebuttal of US v Vroman, 975 F2d 669

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  • Don S.
    Oct 4, 2009
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      Bob,

      Profit from the interest of a invested principal is true
      gain or profit.

      Rental is an exchange of equal value for the use of the property with no gain.

      There may be some "profit/ gain" in rental fees, but not the entire
      rent.

      It is like wages for labor, it is an equal trade of money for
      an equal trade of labor.

      There is not gain or profit in wages for labor.








      At 09:16 AM 10/3/09 -0500, you wrote:
      >This approach seems to put the cart in front of the horse. The Pollock
      >decision was rendered in 1895 and made the income tax act of 1894 invalid
      >(though only that part of the act which taxed rents from property was
      >found unconstitutional because the source, property, can only be taxed by
      >the federal government with apportionment).
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