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Technology Stocks : Discuss Year 2000 Issues
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To: Lane3 who wrote (7502)8/1/1999 9:16:00 PM
From: Hawkmoon   of 9818
 
the concern over IRS collections is one of the least compelling I've seen

I agree Karen.

Most workers pay their taxes each and every paycheck through their withholdings. Those are long established account transfer that are collected by their employer and then forwarded to the US Treasury.

So most individuals have little control over whether or not we pay taxes (except those detestible capital gains taxes..:0). It is done automatically for us.

But there is no doubt that Rossotti has a major challenge ahead of him in improving some of the '60s era IT equipment the IRS uses. There are certainly going to be screw up, but most likely they will come in the manner of messed up tax refund checks and corporate tax issues.

But somehow I don't think that corporate payments to the IRS/Treasury for tax with holdings and FICA will suddenly halt.

Regards,

Ron
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