Return to Article: Rules of the Road
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16451
I could improve this entire process tremendously and save a lot of money. Tax all wages and salaries in excess of $10,000 by 30 percent, and have the entire 30 percent withheld. Tax interest earned (nothing on dividends received) on non-muni's at a rate of 10 percent and have the payer of the interest withhold the 10 percent for the IRS. Tax the gain on all assets traded within a five year time frame at 20 percent and those over five years at 10 percent and have the person (or trust) trading send in the tax immediately after the trade (within one month of the trade settlement). Allow no deductions or exemptions and apply this equally to all individuals.
Tax the sales revenues of all corporations at a rate of 10 percent for the first dollar recognized.
This would eliminate the need for most of the complicated IRS programs and reduce the need for IRS workers to review returns. Not only would revenues for the government increase but the cost savings would be significant. Of course Senator Byrd would not like this because many in his state work for the IRS reviewing worthless returns. This also would stop the tax preparation business so expect significant resistance from H&R block and other tax preparation organizations including lawyers and CPA's.
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16425
As usual, people are mistaking the hard part of software being the coding. Actually, the hardest part of the job is stating precisely what the software is required to accomplish (requirements definition). I would expect that creating, and especially maintaining the "business rule engine" with sufficient rigor to create accurate software will be just about equivalent to the work to just create the software directly, except that the software to convert the rules to software must be defined, built and maintained also. Typically more than 90 percent of the work on any significant software system is in maintenance -- doubt it? How about the Microsoft suite of products?
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16376
Just a question for Mr. Perera: Did Ms. Garza or Ms. Gilpin explain what happened to the $12 billion spent over the past 16 years on modernization? Or why we are still using the antiquated system that is older that most employees? Twelve billion to produce a small test technology that can only work on the simplest 1040EZ form! This is gross mismanagement at its worst! Only the IRS could waste 12 billion dollars of the taxpayer's money and call it progress.
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