First of all, The Federal Reserve was established in 1913 and was made to look respectable by placing it under the control of a Board appointed by the President. It is a cartel of private banks and the Bank of New York is the most powerful. The official purpose of the federal reserve is to provide elasticity to the supply of money. It uses the securities it buys as assets to offset the cost of buying them in the first place. So, it effectively buys government securitites with money it never had to begin with. During the great Depression, the Federal Reserve encouraged investment in the real economy which discouraged investment on Wall Street. The US Federal Reserve has caused inflation and oversupply of money and continues to be a massive transfer of wealth to everyone who is already wealthy.
Secondly, the history of the IRS goes back to March 1791, when, shortly after George Washington became president, the brand new congress approved a law establishing a tariff system on selected imports and an internal excise tax on whiskey. In the next year Alexander Hamilton established the Office of the Comissioner of Revenue, the predecessor to the IRS today. Also, the IRS's roots go back to the Civil war when President Lincoln and Congress created the Commissioner of internal revenue and enacted an income tax to pay war expenses. In 1913, the states ratified the 16th Amendment, which gave Congress the authority to enact an income tax. Then, in 1913, the states ratified the 16th Amendment, giving Congress the authority to enact an income tax.
The Internal Revenue Service (IRS) is the United States government agency that collects taxes and enforces the tax laws. It is a department of the treasury.Its four major operating divisions are: Large & Mid-Size Business (LMSB), Small Business / Self-Employed (SB/SE), Wage and Investment (W&I), and Tax Exempt & Government Entities (TE/GE).
Both the IRS and Federal Reserve have a problem with hurting the US economy and need to be kept under control. The actions of these two departments may be hurting the US dollar as well.