When I receive my paycheck, 12.4 percent payroll tax and withholding tax, according to my bracket, have been excised. At home, I telephone a friend, eventually receiving a bill from the phone company, with taxes and other charges almost as complex as the tax codes. Somehow I manage to put some money into savings, which earns interest. At the end of the year, this is taxed, together with any other interest I receive. This is interest on my already taxed income.
Any dividends earned are, of course, taxable.
I pick up the newspaper, which, when I receive my bill for home delivery includes a sales tax mandated by law. I read in my newspaper about Congress mulling over the abolishment of the Internal Revenue Service and a 10-year tax cut. Meanwhile, presidential candidates opine that the IRS should be done away with. We are hearing sounds without any real intent to take action. I have a solution.