"I think it would be quicker and simpler to just do away with the concept of payroll witholding. Require every American to sit down once a month and figure their witholding and write a check to the treasury."
Any idea how many people would have to be added to the IRS to track down all the non-filers under such a system? I believe the current headcount of the IRS is about 100,000. Do you think we could expand the IRS to 500,000 to maintain minimal compliance under such a system, or do you think it would take more than that?
"Any idea how many people would have to be added to the IRS to track down all the non-filers under such a system? I believe the current headcount of the IRS is about 100,000. Do you think we could expand the IRS to 500,000 to maintain minimal compliance under such a system, or do you think it would take more than that?"
Tracking should not be all that much of a problem. After all, the employer could still produce a W-2 itemizing what is owed. The main thing is that the employee would have to actually write a check. It really wouldn't be all that much different from a compliance stand point.