Replace the Income tax with Quantitative Easing

If we were to print the money required to run the federal government it would eliminate the need for the IRS, immigrants would not be a tax burden on the middle class, and there would be no tax loopholes. Essentially the currency would be taxed, and anyone with an United States Dollar would be taxed, rather than only citizens. This should all be done by the Treasury, and begin with the ending of the Federal Reserve's Quantitative Easing because this gives the holder of a United States Dollar credit for the newly created currency, rather than currently where the creation of new currency makes each previous dollar a smaller portion of the overall volume of currency.