Department of the Treasury

Showing 16 ideas for tag "taxes"

Department of the Treasury

Stop Tax incentives for Big Profitable Corporate Business!

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.

Voting

24 likes
Active

Department of the Treasury

IRS project -100,000 tax preparers who failed to register.

As of today, 100,000 tax preparers have fail to the new registration requirement imposed by the IRS. The service should prioritize the review and examinations these non registrars and question the returns that they prepare. This would show our dedication to transparency. There is more of a chance tax preparers who are not registered, to be less compliance than other registered CPAs , tax attorneys, and registered preparers.... more »

Voting

4 likes
Active

Department of the Treasury

Eliminate Paper Tax Processing Utilizing Treasury Lockbox Banks

While great strides have been made recently to get more folks to file online (which substantially reduces labor costs for the government), there's no reason why the remaining paper filings (of which there will always be some) couldn't be digitized by lockbox banks (or the Federal Reserve) servicing the IRS. Since these banks are already processing remittances for deposit, why not have them digitize filings so that they... more »

Voting

7 likes
Active

Department of the Treasury

Flat Tax and Reduce the IRS

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.

Voting

44 likes
Active

Department of the Treasury

Online IRS account

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?

Voting

13 likes
Active

Department of the Treasury

Federal Income Tax

Most if not all American's hate paying federal income tax and would love to eliminate federal tax, but what is the answer?
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 »

Voting

4 likes
Active

Department of the Treasury

IRS overload - show me the money

Examiners of all disciplines ( International Revenue Agents, Engineers, Economists, Financial Products) should make a video of their most non compliant issues - not naming taxpayers of course. Or explain the process of auditing large corporations including the appeals process. List how difficult the tax law has become. How long an audit of taxpayers with over $10 million assets takes an IRS team. Get the public on board... more »

Voting

4 likes
Active

Department of the Treasury

IRS / Flat Tax

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.

Voting

20 likes
Active

Department of the Treasury

Do Away with Earned Income and Head of Household Entitlements

We have enough people already getting more money back each year than what they paid in. Why on earth pay someone a bonus for simply being a single parent or not making that much money to begin with. In the grand scheme of things, why on earth would we give excess money to those who never really contributed enough to earn it? I grew up in a low income family and I dont truly see where this once a year bonus came to... more »

Voting

9 likes
Active

Department of the Treasury

Allow Individualized "Federal" Investments

TSP – The investment options are extremely limited. Allow a percentage of total investments to go into “wildcat” accounts by employees. My personal investments (IRAs, other accounts) have beat all the TSP funds by 10:1 over the past 15 years. Conservative investing is good but allow us some leeway to be more aggressive. Return on investment will be greater retirement accounts without having to depend on Social Security... more »

Voting

7 likes
Active

Department of the Treasury

Eliminate Tax Filing

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.

Voting

6 likes
Active

Department of the Treasury

Allow ITINs for Employment

Individual Taxpayer Identification Numbers (ITINs) are assigned to taxpayers who are not eligible for social security numbers for various reasons, but a huge amount are assigned to illegal immigrants who want to report income and collect free money like additional child tax credit from the government. They are not allowed to use them to work under, which is ludicrous. They are forced to steal or make up social security... more »

Voting

1 like
Active