The United States Government is around 250 years of age and before 1900, there was no such thing as an income tax. A man’s income from work was viewed as his property and not assessable. My, how things have changed!
In the present day time, we can’t pivot and sniffle without paying some sort of a duty. The rundown would be too long to demonstrate to them all here, however, you get the point. As the tune says “I owe my spirit to the organization store” or for our situation, the IRS.
Via Right Wing News:
According to an audit conducted by the Treasury inspector general, the IRS slapped taxpayers with $ 88,576 more in penalties than it wassupposed to.
The Internal Revenue Service uses both manual and automated systems to calculate a failure-to-pay penalty based on the outstanding balance owed to the IRS. The auditors found that there was an error in the computing formula, charging unpaid balances higher penalties.
“Our analysis of the open Automated Non-Master File accounts as of September 29, 2015, identified errors in the formula the Automated Non-Master File uses to calculate penalties The IRS overassessed failure to pay penalties totaling $ 88,576 on 153 open accounts and under assessed failure to pay penalties totaling $ 354,153 on 227 accounts. For 338 of the 380 accounts, we identified, IRS management indicated that the formula the Automated Non-Master File uses to compute the failure to pay penalty did not include all of the elements needed to correctly compute the penalty for accounts. “
The IRS is looking over the accounts affected by this mistake and is working on recomputing the penalties.
I’m not going to say that this is evidence that the government is ineffective and is bogged down by the absurdly large tax code.
According to the commissioner of the Wage and Investment Division at the IRS, Kenneth Corbin, reprogramming is going to be necessary before the problem can be corrected and they will be making changes to the way manual calculations are done.
“The most efficient way the IRS can address the errors that TIGTA identified in the Automated Non-Master File is to continue to enhance the Master File to further reduce the need to manually maintain taxpayer accounts on a separate taxpayer account system,” said Treasury Inspector General for Tax Administration, J. Russell George.
However, the IRS is not known for being honest and tolerant of individuals that owe them cash, and they want to punish any individual who does. A current review of the IRS uncovered that the organization overcharged for penalties owed them by citizens who had a remarkable adjust. As indicated by the Treasury inspector general, the IRS gathered $88,576 dollars more in punishments than they ought to have. Presently, they are scrambling to fix it before they get hit.
It’s sufficiently terrible that the IRS is continually hovering over us like a rush of vultures sitting tight for an opportunity to swoop in getting a delicious piece, however at times are they at any point considered responsible for mishandling their energy. We presume that when they are gotten with their turn in the notorious treat jolt, the punishments they should pay are nothing contrasted with what they force upon citizens.
An ideal approach to take care of the whole issue is abolishing the Federal Reserve System through and through alongside its assault pooch, the IRS. Dispose of both all at once.
However, that is ideally and everyone knows this world is a long way from great!
What do you think about this? Do not hesitate and write your thoughts in the comment section below.