Originally Posted by Scott_Lafrance
3 things would fix the problem
- Abolish the Federal Reserve system and all laws related to it.
- Abolish “confiscatory” income taxes. Make all of them payable by the individual taxpayer rather than being confiscated by the government through the employer.
- Move “tax day” to the first Monday of November. That is the day that all tax forms and tax checks are due to the IRS. Also, consequently, the day before voting day.
I would disagree with this list, to the extent that this one should be #1:
- Move “tax day” to the first Monday of November. That is the day that all tax forms and tax checks are due to the IRS. Also, consequently, the day before voting day.
AND, end the process of withholding of taxes. They would be payable in ONE LUMP SUM ON TAX DAY. Instead of people getting taxes deducted all throughout the year and then saying they got money back when they filed their return.
Originally Posted by Scott_Lafrance
3 things would fix the problem
- Abolish the Federal Reserve system and all laws related to it.
- Abolish “confiscatory” income taxes. Make all of them payable by the individual taxpayer rather than being confiscated by the government through the employer.
- Move “tax day” to the first Monday of November. That is the day that all tax forms and tax checks are due to the IRS. Also, consequently, the day before voting day.
QUOTE=Monte RCMS;8092161]I would disagree with this list, to the extent that this one should be #1:
- Move “tax day” to the first Monday of November. That is the day that all tax forms and tax checks are due to the IRS. Also, consequently, the day before voting day.
AND, end the process of withholding of taxes. They would be payable in ONE LUMP SUM ON TAX DAY. Instead of people getting taxes deducted all throughout the year and then saying they got money back when they filed their return.
I would add one more mandatory item which would cost NOTHING:
ALL MEMBERS OF CONGRESS AND THEIR STAFFS MUST PREPARE THEIR OWN TAX RETURNS.
That’s it. Simple. On Tax Day, either November 1st or April 15th, the members of Congress and their staffs would bring in all their papers, files, records, check stubs, etc. And sit there at their ceremonial desks in the House and Senate and start filling out the forms [filling IN the forms?]. Or, for the staffs, they would sit on the floor cross-legged with clipboards and work in that uncomfortable position.
They would have to read the instructions prepared by the Treasury Dept and the IRS at their direction as indicated in the tax laws THEY passed and struggle with the forms and the calculators. Paper forms only. No computers or software.
By the end of the day, they would come up with a better system.