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Thread: Redeeming Lawful Money on Daily Paul

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  1. #11
    Senior Member
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    Jan 2013
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    Mr Merrill wrote: The items founded in fact and law seem stable enough but new nuances and colors form so that the impression I get from your post is to explain that the SSN is a key component to the W-4 and any other income tax form. Whether Social Security is a valid income tax like the Supreme Court said back in what (New Deal) 1938, or it is nothing more than a latent insurance policy about old age and disability; that is between your ears.
    I'm thinking more of the 'U.S. person' declaration (under duress) with respect to that being a 'Federal privilege' therefore the 'income' you receive as that 'person' is administered/taxed via the excise tax it is intended to be. Employment tax (W-4) as you know is in a different Subtitle (C) than 'income' tax (A). The W-4 (Employment tax on 'wages') allows them to ALSO withhold against any potential 'income' tax liability under (A). The key is potential liability. If ALL pay was 'income' (which is what most people think) regardless of deductions or not, then 'wages' would be written as such under Subtitle A but it is not. 'Wages' is also not listed within Sec 61 as a source of 'Gross Income'.

    However, by your research on this subject relative to lawful money, it would appear that 'wages' BECOMES 'income' under Subtitle A when you DO NOT restrict the payment in lawful money, which also supports the theory that if you do not redeem in lawful money then the 'U.S. person' comes into play by signing that W-9 or equivalent, therefore you have exacted 'Federal privilege' and now you must report that income as 'income', i.e. 'taxable income'.
    Last edited by itsmymoney; 01-31-13 at 02:42 AM.

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