2018-9-30 18:00 |
The only sort of financial system which works at scale is one which has been decided by courts and enforced by a threat of violence. Widespread belief in the threat reduces the need for active enforcement.
“The IRS relies on a system of voluntary compliance which means that individuals are responsible for reporting and calculating their own tax obligations. ”
Less than 1% of tax returns are actually audited due to the lack of man hours for the IRS to check everyone’s work.
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