Some thoughts on income ...

[Brian]

Economically, wages are the return on the input of labor.



There are two fundamental divisions of taxation: direct and indirect.
Income tax is held to be indirect taxation as an excise [Springer v. US (1881)].

An excise on the use of bank credit or other money substitutes. You don't have to use those money substitutes, you could use Lawful Money issued by the treasury and be protected by the direct tax clauses.

I really don't like the term "wages" it carries to many weird, differing meanings. I think I'll stick with compensation for my time.

[Keith Alan]

An excise on the use of bank credit or other money substitutes. You don't have to use those money substitutes, you could use Lawful Money issued by the treasury and be protected by the direct tax clauses.

I really don't like the term "wages" it carries to many weird, differing meanings. I think I'll stick with compensation for my time.

I like being paid for my time. And we all know that paying a debt is against public policy. Rather, people discharge liabilities now with legal tender. Good thing remedy is available.