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Tax Returns and Income

  • Broadcast in Legal



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Agent Burt and Agent Marshall will conduct a timely discussion on what a Tax Return is and the meaning of Income within the legal system.  Our discussion will continue to revolve around the Agency relationship that is operated through the Citizen-ship by the individual(person) which is operated by the AGENT(the human body and soul). 

We discussed the meaning of the terms: income, gain, profit.  Made comparisons between Actors(agents) vs Producer(principal) in a movie production.  Talked about how the IRS is an accounting agency to determine the value of its possesions, both the legal name Entity and other things of value.  Illustrated that labor for consideration is not income.  Anything collected through the legal name Entity is the property of the principal of the Entity, but the human agent still must be paid for his time in something of value.

We were joined by Agent Tom and Agent Dino, whom we thank for thier time and contribution to the show.