By March 1955, the painful business of filling out income-tax forms may become a thing of the past for 35 million U.S. citizens. Internal Revenue Commissioner T. Coleman Andrews suggested last week. Under Andrews' proposed new collection system, the Government will simply send a bill (or a refund) to the millions of taxpayers whose entire income comes from earnings that are subject to payroll withholding and who take only the standard 10% deduction for personal expenses and contributions. The new system will not be mandatory. Andrews calculates that only about 20 million taxpayers (who have several sources of income,...
TAXES: Painless Extraction
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