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Higher taxes, IRS, IRS Tax Code, Tax Cuts, Tax Hikes, Tax Increases, Tax Refunds, Tax Revolts, Tax Witch Hunt, Taxation without Representation, Taxes, Taxing the Wealthy
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PUMABydesign001's Blog 
True, the US tax system is quite inefficient. Fees paid to preparers,
US government employees, collection matters, audit matters, time taken
to prepare returns, lobbyists, etc.
False, the current tax system is “unfair”. The tax laws designed to
stimulate targeted incentives – homeowners, large families, investors,
retirement plans, charitable contributions, educational, homebuyers, etc.
are just a few of the targeted tax savings plans for individual taxpayers.
For businesses, new tax laws target increased employment, employee benefits,
major equipment purchases, etc.
Simplification is not the answer. The answer is to increase efficiencies
of the reporting process to simplify the gathering of information and
the consistency or reliability of tax reporting. Governmental oversight is
not only inefficient but ineffective given the volume of taxpayers and the
ineffective size of the Internal Revenue Service.
The forward growth of tax reporting and oversight is promissing given the
ever increasing advances in technology in the accumulation and processing
of information in this regard. Given the fact that the majority of tax
revenues collected are from a very small number of taxpayers, a more targeted
approach of collection and enforcement and the projected forthcoming integration
of technological advances in information reporting and tax compliance, it
is likely the reporting and collection actions we know today will likely be
far different in the very near future, and accordingly the inefficient burden
on tax reporting as we know of it today will disappear.
The elimination of the current tax system, implementation of a flat tax system
and other similar concepts do not appear to be the answer as the systems is
correct in its design of rewarding (or discouraging) targeted economic policy.
By focusing government’s oversight into reliable, timely tax reporting and the
elimination of underreporting and more effective and timely collection matters,
not only would more taxes would be collected, but the timeliness of collections
would help to eliminate the write offs associated with delinquencies resulting
from government ineffectiveness and inefficiencies.
The problem is not the system itself. The problem focuses on the inefficiencies
of tax reporting that can be overcome through technological applications of data
accumulation and reporting, and the ineffectiveness and inefficiences associated
with the current system of taxpayer compliance oversight. Modify the reporting
and oversight procedures and you will greatly eliminate these problems.
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