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- 02:41, 27 July 2026 MartaPennington talk contribs created page The Irs Wishes To You $1 Billion Budget! (Created page with "S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone will be in a high tax bracket to a person who is within a lower tax area. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't have other taxable income. Normally, the other person is either your spouse or common-law spouse, but it could even be your children. Whenever it is easy to transfer income to someone in a lower tax...")