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Thread: Just Curious

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    Great Value Carrots
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    Just Curious

    I caught myself wondering today---

    Is the income tax a tax on the Use or the Usufruct?

    Biden seems to be in charge of the charitable trust called the United States and trusts operate in the world of uses and usufructs.


    USE, civil law. A right of receiving so much of the natural profits of a thing as is necessary to daily sustenance; it differs from usufruct, which is a right not only to use but to enjoy. 1 Browne's Civ. Law, 184; Lecons Elem. du Dr. Civ. Rom. Sec. 414, 416.

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    Militant Wing of the Salvation Army midnight rambler's Avatar
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    Re: Just Curious

    From what I gather the 'income tax' is an excise tax on a corporate privilege or activity.
    "I'd rather go down the river with seven studs than one hundred shitheads." --Colonel Charlie Beckwith

    "If both the past and the external world exist only in the mind, and if the mind itself is controllable-what then?" --George Orwell

    "It's not a matter of what is true (reality) that counts but a matter of what is perceived to be true (reality)." --Henry Kissinger

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    Re: Just Curious

    Quote Originally Posted by midnight rambler View Post
    From what I gather the 'income tax' is an excise tax on a corporate privilege or activity.
    Truly corporations seem to like to prey on other corporations. It seems a bit like cannibalism to me, drawing ones sustenance from the flesh of another just like you.

    But the country was never set up to be a profit/loss type thing and charitable trusts survive the Rule Against Perpetuities without having to worry about profit or bankruptcy (the State of a Bankrupt).

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