Why the Glenshaw Glass Test for Income Is Total Crap and Federal Courts just do whatever they want.

Why the Glenshaw Glass Test for Income Is Total Crap and Federal Courts just do whatever they want.

"Taxation is theft." It's not just a catchy slogan. Rather, even for those who think an income tax isn't theft, this video shows still, how the income tax is defined to include things that aren't income. The test for income comes from Glenshaw Glass, a 1955 Supreme Court case, which defined income as an ascension to wealth, clealry realized over which the taxpayers has dominio. And this test is pretty much ignored. Not so much that the test is crap, it actually makes sense. But how it is it applied dilutes the word "income" into nothingness. Joining tax attorney Anthony E. Parent is John Richardson of citizenshipsolutions.ca. The two give precise examples of how the current application of the law reveals that the income tax is simply a way for the government to confiscate whatever asset they want for whatever reason. Here are some of the games the government plays: Loss limitations Tax periods games Credit limitations Phantom income Losses Currency gains PFICs Transition Tax Expatriation Tax The two also discuss how the test for income is completely ignored when it comes to the Government's pet causes. The 16th Amendment only allowed an income tax. What we have now just isn't. Parent & Parent LLP 144 South Main Street Wallingford, CT 06492 (203) 269-6699 info@irsmedic.om https://youtu.be/qrMoATA2m3E IRS Medic