Make Taxes Visible

Publication Date: November 2010

Publisher: National Center for Policy Analysis (U.S.)

Author(s): Michael Whalen

Research Area: Banking and finance; Politics

Keywords: Taxes; Transparency; Income Tax; Refund

Type: Report

Coverage: United States

Abstract:

Here is an idea that should receive support from just about
everyone: the taxpayer savings account (TSA). Instead of the
current withholding system, amounts withheld from your
paycheck would go into a segregated account that you own.
Interest that accumulates would be yours to keep, instead of
accruing to your employer or the government.