Have you searched Income tax law for deductions or excluded income? It's Easy.
1. Go to US Government Printing Office - Code of Federal Regulations http://ecfr.gpoaccess.gov
2. Click on Simple Search
3. Enter Title 26, and Search for...
* Code Term - Result excluded income - Sec. 861
* eliminated income - Sec. 861
* eliminated items - Sec. 861
* specific sources - Sec. 861
* specific guidance - Sec. 861
* how to determine taxable income - Sec. 861
* the sources of income for purposes of the income tax - Sec. 861
* deductions to excluded income - Sec. 861
* allocation and apportionment of deductions - Sec. 861
* exempt income - Sec. 861. (written in italics, search for exempt income)
* “exempt income” - Sec. 861. (in "quotes", search for “exempt income”)
* “deductions” - Sec. 861. (in "quotes", search for “deductions”)
* income that is exempt or excluded - Sec. 861
* exempt, eliminated, or excluded income - Sec. 861
* exempt, excluded, or eliminated - Sec. 861 (Exempt income defined )
* Income that is not considered tax exempt - Sec. 861 (Taxable income)
Tax PRO? Have you searched Income tax law? It's your duty. Ignorance is no excuse.
Tax Professional?
... Sssure you are.
• "income that is exempt"
• "Income that is not"
A real pro would already know (the exact section number). Ignorance? Here is a simple search made just for "Professionals."
The Law -- See Sec. 861-8T(d)(2)(iii)Digital precision, Section 861 According to the Government Printing Office, all of these subjects are located in Section 861. Coincidence, or just a simple fact?
Optional: You can also download all tax regulations then search through it's text with your operating system. Use our source, or the government source. See how to search .
Why Section 861?
Tax Questions - Where is “Exempt income” legally defined (codified)? 1. What is taxed? 2. What is excluded?
"Income that is not ... exempt
*Result: Section 861-8T(d)(2)(ii) and (iii)
The Law -- See Sec. 861-8T(d)(2)(iii) *Notice, the evidence for Sec. 861 is found in the search results listed above, which are all placed by lawmakers in Sec. 861. "Exempt income" is legally defined (codified) in Sec. 861.
So, What's the big deal?
According to the "code", only "Foreign earned income" is not exempt (taxable).
World map of taxable income "The hardest thing in the world to understand is the income tax" - Albert Einstein
Fact: Only "Foreign earned income" is taxable income.
Google Also Confirms Section 861
Google has a Government search engine called Uncle Sam, which will only search through government websites, including every statute and regulation written. And notice, after searching through every .gov website, including all written laws, Sec. 861 is the Income tax law.
Try it. Search Google's Uncle Sam
Look for: regulation "exempt income" defined
Try Google's Government Search Engine "Uncle Sam" http://google.com/unclesam (Just click search)
Result:
The regulation defining "Exempt income" is written in Section 861-8T. (Source: Google, Uncle Sam - In January 2010 section 861-8T was the first result from 'Uncle Sam')
Here is search result ... Click to enlarge.
A. The Electronic CFR
Google Search: regulation "exempt income" defined
B. Regulation = Sec. 861-8T
Google Search: regulation "Exempt income" defined = Sec. 861-8T
C. Actual U.S. Income Tax law
Exempt income & Income that is not exempt.
Poster Comment:
I posted this for fun. The courts are rigged. Nothing short of a revolution will change that fact. The dollar will collapse very soon. Maybe we can get rid of the criminals peacefully by using RICO to indict them all.