See comments made by u/TRYNEIN in the thread below. If he's right (and it appears he may be), we can stop with all the "16th Amendment wasn't ratified properly" stuff and hoping Washington will willingly turn off their own cash cow, and just quietly go back and mark "exempt" on our W4's and stick it to Washington on our own.
If he's wrong, or he's missed something, someone feel free to explain why here and we can talk about it. But I thought his comments merited its own thread.
https://greatawakening.win/p/15IXpPHU7d/supreme-court--last-day-of-opini/c/
Capital gains counts as income. So they can tax your stock earnings, but not the money you put in from your paycheck. They just tricked us all by giving it its own category. Sneaky bastards.
I'm not 100% certain this is true. There is work performed in buying and selling stocks. You are "self-employed" and "doing work." I think this applies to dividends, because that is a share of Corporate profits, but I think it may not apply to buying and selling commodities, because that is a function of trading, and there are trading expenses. You are being compensated for work in such a case.
It may be as you say, but I bet anything there is a loophole (or five) in there.
The loophole is that the IRS makes up their own rules as an extra-legislative (i.e., unconstitutional) regulatory institution. The U.S. code is our law. The IRS has made up their own laws and too many courts back up the ruse. If SCOTUS rules against the EPA it could give us the teeth to fight the IRS effectively moving forward.