Title: Legal Mumbo-Jumbo
Product review: Mr. McNulty is listed as a "Law professor" but hasn't applied the Law to his book. He believes that every time you receive money or money equivalents it is taxable. If the professor would read the Code of Federal Regulations, he would find this to not be true. A review of CFR 1.861-1 through 1.861-14T determine that two criteria must be met for Income to be taxable. 1) Item or category of items (Salary, wages, interest etc.,all those things listed in 26 USC Sec. 61), and 2) a specific source from which the income derives,(all of the sources that apply at 1.861-8(f)(i-vi) are FOREIGN SOURCES. Nowhere is the Income of a citizen, working within the 50 States found to be liable for the Income Tax and Professor McNulty knows this. To continue to publish untruths serves only to confuse and defraud the American Public.
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