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- 13:57, 31 August 2026 TerrieNjg269 talk contribs created page Irs Tax Debt - If Capone Can't Dodge It, Neither Is It Possible To (Created page with "S is for SPLIT. Income splitting is a strategy that involves transferring a portion of income from someone which in a high tax bracket to someone who is from a lower tax range. It may even be possible to lessen tax on the transferred income to zero if this person, doesn't get 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 possible to transfer income to someone in a lower tax...")