income – Foreign Tax Status Information Group (FTSIG)

PROOF OF FACTS: “U.S source” does NOT include anything but payments DIRECTLY from the government and excludes even payments from “taxpayers”

By ftsig-admin | March 14, 2025

1. Evidence and law: 1. The U.S. Supreme Court has held that Congress cannot authorize or license the VERY activity that is the subject of the current income tax. “Thus, Congress having power to regulate commerce with foreign nations, and among the several States, and with the Indian tribes, may, without doubt, provide for granting…

PROOF OF FACTS: Capital v. Income

By ftsig-admin | August 30, 2024

TABLE OF CONTENTS 1. Distinguishing Between Capital and Income What it the difference between capital and income, and what is the relationship between them? This should be Basic Economics 101, but this distinction has become an economic riddle that few seem inclined to solve. The distinction between capital and income is explained in the 1913 Congressional…