Department of the Treasury

Department of the Treasury

Elimintate the IRS, replace all federal taxes with the Fair Tax. Trillions would be saved.

Elimintate the IRS, replace all federal taxes with the Fair Tax. Trillions would be saved. See www.fairtax.org.

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Department of the Treasury

Paperwork Reduction on Federal Taxes

SUBJECT: Army Ideas for Excellence Program (AIEP) - Evaluation of Idea No. AMSC000041, Paperwork Reduction on Federal Taxes Date Submitted:07/19/2000 Regulation: Federal Tax - IRS 1040, SS# or OASDI deductions Current Procedure : Deductions from federal workers pay, to pay for federal workers pay with deductions for federal workers retirement. Problem: Many layers of paperwork and staff to prepare and function properly. ...more »

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Department of the Treasury

Federal agencies giving money back at the end of the year

add a 'return to sender' budget line to every federal activity. Money spent against 'return to sender' pays down the federal debt directly. In the following year, the agencies that donated the highest share of their budgets back to the debt would have first priority on new projects and funding. This would give agencies an incentive to save money (instead of hstily spending it at the end of the year), and would also ...more »

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Department of the Treasury

Restructure the US Tax code and revenue collection systems

Each year millions of hours and dolalrs are spent by US citizens to complete tax forms. On the receiving end, scores of Internal Revenue Service (IRS) agents must accurately and go through each case and verify this complex submission. The new health care bill alone added some 30,000 IRS agents; there salary alone would be millions of dollars per year and that is just the tip of the iceberg. While it is important for ...more »

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Department of the Treasury

No More Wasteing Money on Supplies

I suggest that you put a cap on what offices are given each year to get their supplies. There are many things that can be recycled. When last minut monies come in things are bought just to use up that money. Places need to learn to purchase that $6 stapler verses that $25 one. In the recycle box on paper that has only been printed on one side and does not need to be shredded, take those out cut them up in 4's, staple ...more »

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Department of the Treasury

Implement a Flat Tax System

Implement a Flat Tax and thus enable the US to delete the department of the IRS. Nothing personal, just that it exists only due to the complexity of the tax code. Rewrite it to fit onto one page front and back put the data online. Then one a year I can look to see if my 17.5% or whatever is paid up and correct the amount if needed by a simple PayPAL, credit card or other transaction.

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Department of the Treasury

Raise Interest Rates to Spur Economic Growth.

There are three powerful reasons why the federal reserve should raise interest rates: #1 Higher interest rates would increase interest payments to holders of savings accounts, CDs, and bonds by billions of dollars every quarter. This would dramatically increase personal income. #2 Extremely low interest rates are failing to spur business activity. USA Today (2010-07-28, page B3) reports that S&P 500 companies are ...more »

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Department of the Treasury

Replace Cash

Printing money is expensive. We could save money with an automated system. I propose we show our patriotism by getting an American flag tattooed onto our hand – or some patriotic Americans can have it on their forehead. The flag will be specially coded with a small bar code under it that is unique for every citizen. A database will keep track of each person’s accounts. To enforce this system, cash will become void ...more »

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Department of the Treasury

End the Federal Reserve

Eliminate the Federal Reserve and return the authority to print money to the Department of the Treasury rather than having a cabal of corrupt private banks loan the government back money at interest.

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3 votes
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Department of the Treasury

Require IRS to debar tax cheats from federal awards

Require IRS to establish a debarment and suspension program and to debar and suspend all “tax delinquent” organizations as that term is defined in the tax code. Since IRS can only release the information about the tax delinquencies with permission of the organization, legislation should mandate that every organization that is seeking to do business with or get funding from the government to consent to releasing its ...more »

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5 votes
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Department of the Treasury

Discontinue GFEBS Transition

GFEBS transition has become an inefficiency rather than the effficiecy that was intended. The system is not prepared to support the requirements of the government, specifically IMCOM. It is virtually impossible to provide accurate, dependable information or data using this system. Excessive time and funds have and continue to be spent to try and make a system designed for private industry work for the government. VItal ...more »

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Department of the Treasury

Let Married Coworkers Share Accommodations

Let husbands and wives that are working together in the field stay in the same hotel room. Currently, it is many agencies policy to pay for two hotel rooms regardless of whether or the two employees are married and plan to stay in only one room. Agencies will pay for adjoining rooms, but that doesn’t make much financial sense. By allowing for husbands and wives to rent one room as they would like to do anyways, and not ...more »

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