Please don't explain the reason for taxes, but why do taxes have to be placed on income. The hardest hit group hit by income tax is the middle class. The rich can avoid or lessen their income tax by using the Internal Revenue Code. The poor don't pay taxes, and the middle class only has a few deductions left since the 1986 Tax Reform Act. Income tax discriminates, it is complex and changes every year, it doesn't allow the taxpayer to use their constitutional protection against self incrimination, or unreasonable search and seizure. The IRS has its own Tax Court. So why should Income be Taxed
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Meant the Federal Reserve, NOT the Treasury Department.
EXACTLY, the IRS is its own institution.