Tuesday, August 29, 2006

Is This Court Ruling a Bad Omen for the IRS?

...Tax protesters have long argued that the 16th Amendment did not grant the federal government the power to tax every single receipt that it deems to be income. Yet in practice, that is what the Internal Revenue Service does.

The problem is that the very concept of income itself has never been defined in the tax law. It is pretty much whatever the IRS says it is...

But is it possible that this unjust system could be changed?

Bruce Bartlett examines a federal appeals court decision that could just shake things up for the IRS and its seemingly endless power grabs.