Basis in Law

[Seosaidh]

The income (gain or profit) is derived from the property (ie: rent from renting a house, gain realized by employing labor combined with capital to produce a product). It is then measured by the $$ amount above and beyond the costs of producing. (The house is the property, The labor is related to the employer/employee relationship or said differently slave master/slave relationship, Capital is also property)

If you have a business that is incorporated you pay a tax on that privilege that is measured by the income (gain or profit measured in dollars). The excise is on the privilege and is measured in dollars.
As the wage maker your labor is part of you. If you use the treasury issued medium of exchange that falls under federal common law and IS a direct tax. However if you use the quasi federal/private Fed script as payment for your labor that is a privileged activity that falls under the excise power of the government via the commerce clause.

Oh, that's right! And direct taxes must be apportioned, therefore no income tax ought to be assessed against income of lawful money. But then the question arises, if someone pays you in FRN's, did you receive private credit?