Another question which has never been litigated is whether compromise
of a judgment debt for overdue child support is taxable. It
seems doubtful that the support obligor has received any loan proceeds
in exchange for the debt.8
" A child may be more precious
than rubies and emeralds, but it is not lawful consideration, nor is
its birth taxable to anyone as income. Furthermore, one can incur
liability for child support even if the obligor is not a legal parent at
all.8
" The value of child care provided by the custodial parent does
not qualify as loan proceeds to the support obligor, because the