“Semicolons (;) separate independent clauses that are related in meaning, and they separate items in a list when those items themselves are long or include commas.”
Keep in mind that this is far from my area of expertise, and only stood out to me in the news as one of those perverse legal-isms (like bees being fish) that has no notable effect on day-to-day reality.
Suppose you have a teller break a large bill for you… you give 'em a $100, and they give you 10x$10’s. There is no income event that has occurred, because the value exchanged for value is equal.
Likewise, when you purchase a product from a store with a $100, the business deducts the cost of the product (not just the cost of their wholesale purchase of the product, but also the cost of their store, labor, etc) for tax purposes… supposing the sum of those costs to be $99, they are then taxed on only $1 of profit (thus paying only cents in tax).
As I recall, there was a high-profile court case where a tax protestor claimed they owed no taxes because their earnings exactly matched their cost in labor provided to their employer (making it an even exchange), and the IRS won the court case by admitting to the court that the time and effort one provides an employer has no value.
IIRC, the IRS says your skills, time, and labor have no value, and all your wages are basically a gift of pure profit.
What does this mean?
I also am having a hard time reading this text based brain aneurysm.
Possible translation:
“If our skills, time and labor have no value; shouldn’t our ‘unskilled’ labor be taxed at zero dollars?”
Let’s just say I have no idea how to use a semi colon despite having the world’s knowledge at my fingertips
“Semicolons (;) separate independent clauses that are related in meaning, and they separate items in a list when those items themselves are long or include commas.”
I am just gonna guess i was right.
Keep in mind that this is far from my area of expertise, and only stood out to me in the news as one of those perverse legal-isms (like bees being fish) that has no notable effect on day-to-day reality.
Suppose you have a teller break a large bill for you… you give 'em a $100, and they give you 10x$10’s. There is no income event that has occurred, because the value exchanged for value is equal.
Likewise, when you purchase a product from a store with a $100, the business deducts the cost of the product (not just the cost of their wholesale purchase of the product, but also the cost of their store, labor, etc) for tax purposes… supposing the sum of those costs to be $99, they are then taxed on only $1 of profit (thus paying only cents in tax).
As I recall, there was a high-profile court case where a tax protestor claimed they owed no taxes because their earnings exactly matched their cost in labor provided to their employer (making it an even exchange), and the IRS won the court case by admitting to the court that the time and effort one provides an employer has no value.