Emeritus
Full time employment: Posting here.
- Joined
- Feb 27, 2009
- Messages
- 886
What definition of "earned income" are you using? And again they are "getting" the income. I'm expecting we'll hear about "winners of life's lottery" next.
I think it's charming that the writers of our tax laws and the IRS apparently believe that someone who puts his money at risk in an investment or who buys, fixes up, and sells a property didn't "earn" the resultant gains.
If you put your hand on the hammer its earned. If you sit on your yacht while someone else uses the hammer, it's unearned.. Not too hard to understand there is a difference