Do You Have A Legal Right To Your Gross Income? - Richard Murphy

28th August 2024

I argue that taxpayers are only legally entitled to their income after taxes, not before. Taxes are seen as a precondition for earning gross income, meaning that the amount paid in taxes never truly belongs to the taxpayer but is held in trust for the government. This challenges the idea of "taxpayer's money," suggesting instead that the government owns the funds designated for taxes from the start.

In this morning's video, I note that people like to claim they have a gross income out of which their tax is paid. But is that gross income ever really theirs when it comes with the legal obligation to pay tax attached to it, meaning that the tax owed always belongs to the government? And what does that do to the idea of taxpayer money?

Read the transcript and look for other blog articles HERE