[Verse 1] When money flows into your hands each day Haig-Simons carved the path we trace All income from whatever source they say Section sixty-one sets the pace Your paycheck, tips, and bonuses too Interest earned on savings accounts Dividends from stocks you're holding true Every dollar always counts [Chorus] Gross income builds the foundation stone Glenshaw Glass gave us the test we own Accession to wealth plus realization Under your dominion across the nation From whatever source derived That's how gross income survived [Verse 2] Commissioner faced Glenshaw Glass in court Nineteen fifty-five the year they met Three-part test became our legal sport Accession, realization, dominion set Punitive damages had to be included No matter what the taxpayer claimed Congress spoke and courts concluded All increases must be named [Chorus] Gross income builds the foundation stone Glenshaw Glass gave us the test we own Accession to wealth plus realization Under your dominion across the nation From whatever source derived That's how gross income survived [Bridge] Rent from tenants in your building Royalties from copyrights you made Alimony from pre-twenty-nineteen willing Casino winnings that you played Discharged debts become income too Community property states divide Imputed income slides right through Even though benefits reside [Verse 3] If you live rent-free in houses that you own Tax law lets that value hide Growing vegetables you've grown Congress lets imputed income slide Compensation comes in many forms Cash and fringe benefits combined Weather economic storms Every source must be defined [Chorus] Gross income builds the foundation stone Glenshaw Glass gave us the test we own Accession to wealth plus realization Under your dominion across the nation From whatever source derived That's how gross income survived [Outro] Section sixty-one demands Include it all within your hands
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