2007-05-30 14:01:20 · 5 answers · asked by IRS fraud 1 in Politics & Government ➔ Government
No. Taxes are an aspect of fiscal policy. The Fed determines monetary policy.
2007-05-30 14:04:12 · answer #1 · answered by B.Kevorkian 7 · 1⤊ 0⤋
No, the IRS and the Congress establish what will be taxed and at what rate. It is changed each year but some policies are changed more frequently than one every year.The President also helps set what his policy will include and this includes tax issues. The federal reserve is the world bank for money exchange and for the IMF (International Money Fund).
2007-05-30 14:07:48 · answer #2 · answered by Anonymous · 1⤊ 0⤋
No the Federal Reserve controls amount of money in the US economy.
Congress passes the tax laws and the IRS enforces them.
2007-05-30 15:30:47 · answer #3 · answered by joseph s 2 · 0⤊ 0⤋
Nope. Tax policies are passed by the Legislative branch. Individual regulations passed by the IRS must comport with the legislature's 'intelligible principle'.
The Fed handles things like interest rates.
2007-05-30 14:04:46 · answer #4 · answered by Brand X 6 · 0⤊ 0⤋
No , Congress does.
2007-05-30 14:03:51 · answer #5 · answered by jim h 6 · 1⤊ 0⤋