Ideas for Improving America
David F Mayer
Here we disagree. I see it PER PERSON, not per taxpayer.
Mon Nov 19, 2012 10:38pm

A family of 4 would have 4 personal exemptions, and so forth.

Any deviation from this "per person" rule immediately makes possible various dodges to split income, etc.

The thing I really like about my system is that it does not matter if you are married or single, or whatever, there is simply no way to dodge your fair share. The tax stays exactly the same regardless of how you split up the income.

David F Mayer

  • is that an individual probably should not be taxed out of the basic necessities... If it takes 15K a year to SURVIVE, one probably shouldn't have to pay taxes on the first 15K one makes... After... more
    • Here we disagree. I see it PER PERSON, not per taxpayer. — David F Mayer, Mon Nov 19 10:38pm
      • No.PureStevil, Tue Nov 20 11:27am
        Allowing deductions for children removes a portion of the financial responsibility of the decision to have a child. There are plenty of people on earth. If you want to add to that, then you and you... more
        • It cannot work that way.David F Mayer, Tue Nov 20 1:32pm
          This leads to income transference. Daddy puts income producing assets into name of minor, who thereby becomes a taxpayer and creates an exemption. Besides, we need to recognize that kids cost money.... more
          • Why would we allow you to "transfer" income?Sprout, Tue Nov 20 4:21pm
            Your income is your income, and you pay taxes on ALL of it... If you LATER give some of that money to your child, that is fine. Then the child has income and must pay income taxes on ALL he gets...
            • Hoist on my own petard. I yield.David F Mayer, Tue Nov 20 9:21pm
              You are correct. This would amount to a deduction. Opening the door for JUST ONE deduction, opens it for thousands. Thanks for pointing out my error. David F Mayer
      • Why?Sprout, Tue Nov 20 10:42am
        Each tax filer pays full income tax on their own income minus THEIR OWN single exemption. Period, no way to cheat there.... Everyone who makes INCOME must file taxes and gets their own exemption. No... more
        • This is what happens. In order to add exemptions, the ownership of investment is distributed. Husband transfers stock to minor. Minor becomes a taxpayer and an exemption has been created. With tax... more
          • You miss my point....Sprout, Tue Nov 20 4:16pm
            If the father recieves INCOME, he pays taxes on it.... if he then PAYS his child with some of that POST-TAX income, that is then INCOME for the child and the child must file... If the family wants to ... more
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