Seriously, GE,Fed Ex, Verizon...they all get PAID by us [taxpayers] in the form of Tax incentives-supposidly for job creation etc. But who are we fooling? Do they create any more jobs after the first few years? It's pure profit to the company. Take away the tax breaks or at LEAST restore the laws to close the loop-holes so obviously being corrupted.
Department of the Treasury
Create a flat tax for everyone with no loop holes, exemptions, or tax breaks.
Reduce the size of the IRS by at least one half of current staffing, associated offices, and vehicles.
This would create a vast resource of monies for government and remove the associated bureaucracies that weigh this great nation down. It would be a very positive step in getting our nation out of the massive debt crisis.
I don't understand why I am mailing in documents that the IRS has already received from my banks, jobs, and etc. Why not allow individuals and companies to login to their account and see what documents the IRS has already received? Then permit them to upload the documents that are needed. Why mail in a document the IRS already has?
Eliminate the mortgage interest tax break since it only serves to raise housing prices which benefits banks, realtors, etc.,
Plus why should the federal government help you buy a house?
The answer is to establish a federal lottery commission similar to what most states have such as the State of Texas. This would require the establishment of a Federal Lottery Commission to manage and oversee this effort. Most individuals would argue that this establishes another federal agency requiring... more »
Dismantle the IRS, impose a flat tax; shrinks the size of the Federal Government, simplifies the tax code, saves unfathomable amounts of paper (goes green), saves taxpayers countless hours of frustration and wasted time, saves money, increases tax revenues. This historic change would be lauded for decades. Stand up against the lobbyists that would try to block this historic and transformation advance.
Streamline income taxes and eliminate filing altogether. People would know what they have to live on at all times and not be waiting around on a refund or to pay in. This not only reduces government overhead for tax filing, prep, collection, etc., but also allows folks to know what they have to live on at all times and plan accordingly.
Eliminate Income tax and institute a Federal Sales Tax. This will end all of the debate in Congress about spending and tax cuts and allow for a uniform sales tax across the nation. The debt crisis would be a thing of the past.
Move to a flat tax on all income. Wages, dividends, capital gains, everything. This would almost eliminate the need for extensive oversight by the IRS, dramatically reduce errors on returns and would save bucket loads of money in adminstrative costs.