Ideas for Improving America
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David F Mayer
True, but this is constantly used to evade taxes.
Sun Dec 9, 2012 1:40pm

The new tax code must consider ALL transfers as income, which is certainly NOT true at present.

David F Mayer

  • 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
      • 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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