For instance, new regulations will limit banks from charging high fees on debit card transactions and restrict certain interest rate increases on credit cards.

FORBES: Bank Of America Faces Slow Recovery In Consumer Banking

There are no monthly bills, no interest charges, and generally no fees to obtain a debit card from your local bank.

FORBES: Credit, Debit And Charge: Sizing Up The Cards In Your Wallet

But, the Fed shoulders some responsibility for commodity inflation because its policy of negative real interest rates allows speculators, including me, to benefit from the minimal expense of carrying huge debit balances.

FORBES: Bernanke's Tea Leaves Read Unintended Consequences

Since most people would not want to have IRS as a creditor, you might prefer to borrow from friends, use your home equity line of credit (the interest may or may not be deductible), or choose to pay taxes by credit or debit card.

FORBES: Losing Sleep Over Owing The IRS?