Ideas for Improving America
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David F Mayer
I don't see it that way. Per Person exemption
Mon Nov 19, 2012 10:41pm
99.168.77.249

is the ONLY way to make tax liability independent of how income is distributed. This is not an opinion, but a theorem, which I will prove here if you want me to do so.

I invite you to sign my petition here:

http://www.change.org/petitions/united-states-congress-replace-today-s-loophole-filled-tax-code-with-a-flat-rate-income-tax-2

David F Mayer

  • Perhaps a better way to describe it would be — Sprout, Mon Nov 19 5:07pm
    one exemptions PER FILER... Per TAXPAYER... A child isn't a taxpayer and isn't a filer, and therefore shouldn't be calcuated into the equation.
    • I don't see it that way. Per Person exemption — David F Mayer, Mon Nov 19 10:41pm
      • False..... completely false.... — Sprout, Tue Nov 20 10:46am
        It is really very simple. If Bob makes income Bob pays income tax, and can claim one exemption... If Susan makes income, Susan pays income tax and can claim one exemption. If Billy makes income,... more
        • Wrong. — David F Mayer, Tue Nov 20 1:28pm
          The point is that, by transferring income producing assets to some minor, a new taxpayer and corresponding new personal exemption is created. Hence tax liability is reduced. The ONLY way that tax can ... more
          • "Transferring"... what "transferring" is is PAYING.... — Sprout, Tue Nov 20 4:19pm
            If one indivdual "transfers" wealth to another indivdiual that is INCOME for the other indivdual, who must pay taxes on it... AFTER the first indiviual payed taxes on it in the FIRST PLACE... Dad... more
            • Not so. Transfers occur all the time — David F Mayer, Tue Nov 20 5:29pm
              in the same family, to a trust fund, etc, etc. I have never heard of them being called income, although that would be in the spirit of my flat rate tax. This is an interesting matter that requires... more
              • Every transaction is a "transfer".... — Sprout, Sun Dec 9 9:23am
                Folks just USE that word to AVOID it sounding like they are paying... If I "transfer" twenty dollars to you, you have been paid twenty dollars. It doen'st matter WHY. Now, it is possible that you... more
                • True, but this is constantly used to evade taxes. — David F Mayer, Sun Dec 9 1:40pm
                  The new tax code must consider ALL transfers as income, which is certainly NOT true at present. David F Mayer
                  • True... i was kind of assuming we were starting from — Sprout, Tue Dec 11 2:53pm
                    scratch with none of the existing loopholes... If someone gives you money it is income... I think some extremely limited exceptions might be in order such as a person under the age of 16 can recieve... more
                    • What happens is that Mr X signs a contract with Y. — David F Mayer, Wed Dec 12 1:44pm
                      Y is required to pay, NOT Mr X, but Mr X's wife, son, daughter, dog, etc. Sure, it is taxable income, but such subterfuges permit the income and consequent tax to be spread to several individuals. Mr ... more
                      • And when the audit comes in.... — Sprout, Thu Dec 13 11:33am
                        And because it WILL when an 8 yr old claims 20K in income without being legally able to work, it will be amply clear that that money is actually compensation for Mr. X's job, and Mr X will then be... more
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