2 How the Act is Organized

portuguese acoustic rock, calypso afroswing

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Lyrics

[Verse 1]
The Income Tax Act spreads before us like a blueprint maze
Part One holds the beating heart, where all taxation plays
Division A declares who owes, just sections three and four
Division B computes your wealth from five to one-two-seven's door

[Chorus]
A-B-C then skip to E, the architecture's clear
Liability, computation, credits drawing near
Taxable income calculated, then the final sum
Part Eleven-One and higher when special cases come

[Verse 2]
Division C from one-ten on determines what you owe
Deductions and the credits that make your burden grow or slow
Division E starts one-seventeen, computes the final bite
But notice what's left undefined in black and white

[Chorus]
A-B-C then skip to E, the architecture's clear
Liability, computation, credits drawing near
Taxable income calculated, then the final sum
Part Eleven-One and higher when special cases come

[Bridge]
Section two, three, four reveal the skeleton
But gaps in definition tell us what's left undone
The silence speaks as loudly as the words upon the page
Missing pieces guide interpretation's stage

[Verse 3]
Beyond Part One the special taxes lurk in numbered parts
Eleven-point-one forward where complexity departs
From core income taxation to specialized domains
The Act's division tells the story of its reins

[Final Chorus]
A-B-C then skip to E, remember this refrain
Liability through computation to the tax you'll gain
What's absent holds importance just like what is there
The Income Tax Act's blueprint floating in the air

[Outro]
Divisions mapping money's flow from source to final debt
The structure tells the story that you'll never forget

← 1 What the Act Actually Is | 3 The Circularity at the Foundation →