Ideas for Improving America
David F Mayer
Hoist on my own petard. I yield.
Tue Nov 20, 2012 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 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
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