“Those supplying the exemption” would be the people who write the tax laws- what is their fair cut? Are we deliberately ignoring the fact that the law defines exactly who is permitted to take the exemption, and assuming that everyone involved is amicably agreeing to falsify information (if need be) to maximize the tax benefits? e.g. if the student was covering all of her expenses, she does not qualify as a dependent and no one else may claim her as a dependent.
“Those supplying the exemption” would be the people who write the tax laws- what is their fair cut? Are we deliberately ignoring the fact that the law defines exactly who is permitted to take the exemption, and assuming that everyone involved is amicably agreeing to falsify information (if need be) to maximize the tax benefits? e.g. if the student was covering all of her expenses, she does not qualify as a dependent and no one else may claim her as a dependent.
Good point, given what I said I have no real reason to exclude the government from which they’re extracting “surplus”. But I wanna. ;)
(I believe falsifying information is not necessary given changes in who pays, plus the gift exclusion, but that’s beside the point.)