The Income Tax Law of the United States of America: Analyzed and Clarified (Classic Reprint)

Excerpt from The Income Tax Law of the United States of America: Analyzed and Clarified

The first paragraph of the statute purports to specify three classes of persons as subjected thereto: First, all citizens of the United States: Second, all aliens residing in the United States: and Third, all persons residing elsewhere, who derive incomes from sources in the United States. That paragraph also provides that every person, belonging to the first or to the second of these classes, shall pay an income tax upon his entire net income, arising from all sources; but its only provision relevant to the third class of persons is that every per son belonging to that class, shall pay an income tax upon his entire net income, derived from sources in the United States.

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