I am not a Tax Lawyer, Nor do I play Dan Evans on the internet.
I am not a Certified Public Accountant, Nor do I play Paul Thomas on the internet.
I am not an Enrolled Agent, Nor do I play Richard Macdonald on the internet.
DO NOT TAKE MY WORD FOR ANYTHING ON THIS PAGE.
Go look it up for yourself.
If one does not have income, then one can not have gross income.
If one does not have gross income, then one can not have taxable income.
If one does not have taxable income, then one can not have an income tax imposed.
From an earlier page, I have these questions outstanding:
I must now add to the questions:
Income excluded by law also means income excluded by the Constitution. The Constitution is "Fundamental Law". This means I must also add to the questions:
The astute reader will have noticed these two points:
The Constitution and its connection to "income" will be addressed in another chapter.
You have already read about how the cross references to items specifically included or excluded prove that "All income from whatever source derived" does NOT mean "All income from whatever source derived." Add to that previous proof the statement contained in this regulation: "unless excluded by law." A single item that is excluded by law negates the statement, "All income from whatever source derived."
"Gross income ... is not limited to the items so enumerated" unless that un-enumerated income is excluded by law, excluded by the Constitution, or simply is not within the Constitutional definition of income.
The cross references found in the regulations under section 61 are to direct attention to certain items specifically treated in some manner. The cross references do NOT cover all possible items. Which means the cross references don't point to sections 861 through 863 or the regulations under sections 861 through 863.
Parsing the statement in the bold print: To the extent that section 861, 862, & 863 of the Code or regulations 1.861-1, 1.861-8 & 1.861-8T, provide specific treatment for any item of income, such other provision shall apply notwithstanding section 61 and the regulations thereunder.
Whether married or unmarried, Treasury Regulation 61 does not differentiate between three internationally renown burger flippers.
Treasury Regulation 61 also does not differentiate between income from the source of flipping burgers in Canada, China, or the United States.