Disney World becomes unaffordable for the average American family

[Into the Night]

withholding is not a tax, its an estimate of the tax you will ultimately owe based on your income.

No. It's a tax.

If too much is withheld, you do not get interest payment from the government for borrowing your money.
If too little is withheld, you may have to pay a fine or interest on what you 'borrowed' from the government.

How is that not a tax?

[Into the Night]

income can be derived from labor numbnuts

Income can be derived from many things, not just labor.

[zymurgy]

Income can be derived from many things, not just labor.

lol
wow - you are brilliant

hey - did you know the sun sets in the west too?

look it up bro - it's totally true

[Celticguy]

What about investors? It's not their time or effort. They are investing in the time and effort of someone else. What about charities? If you put time and effort in to support a charity, that is not taxed.

What is the income of a gambler? He can't prove his losses. Does he even have a net profit? He put a lot of time and effort into his gaming, and LESS to show for it most of the time.

What about those that put in very little time or effort, yet get paid lots of money?

What about the criminal? His time and effort is spent stealing someone else's time and effort.

What about a collectible just sitting on the shelf while gaining value. The only time and effort is to sell it at a high (sometimes much higher!) price than what you paid for it. Why is a ditch digger that makes far less money taxed less?

Care to try to define 'income' a little better than that? Your definition doesn't work.

capital gains are taxed as you know.

[Celticguy]

No. It's a tax.

If too much is withheld, you do not get interest payment from the government for borrowing your money.
If too little is withheld, you may have to pay a fine or interest on what you 'borrowed' from the government.

How is that not a tax?

you control the amount withheld with your W4 as you know.
doo too much, you only have yourself to blame.

[Into the Night]

capital gains are taxed as you know.

But are they 'income'? Keep trying. The IRS has literally written bookshelves of regulations trying to define this word.

[Into the Night]

you control the amount withheld with your W4 as you know.
doo too much, you only have yourself to blame.

Doesn't change my point.

[Celticguy]

But are they 'income'? Keep trying. The IRS has literally written bookshelves of regulations trying to define this word.

in the sense that they are not out-go, yeah kinda. but since they are the result of risk, no.

[Into the Night]

in the sense that they are not out-go, yeah kinda. but since they are the result of risk, no.

So...can you define what 'income' means?

[Celticguy]

So...can you define what 'income' means?

already did
as you seem to have forgotten...

compensation for your time, effort and if you're a gambler, good luck.

[Into the Night]

already did
as you seem to have forgotten...

I have already shown you that definition is not adequate. Can you do better?

[Celticguy]

I have already shown you that definition is not adequate. Can you do better?

you want to lump capital gains in with ordinary income, sorry but you dont get to do that.

[Into the Night]

you want to lump capital gains in with ordinary income, sorry but you dont get to do that.

??? I'm not trying to do that. YOU are.