uspol (IRS), New York Times link

"Biden Seeks $80 Billion to Beef Up I.R.S. Audits of High-Earners

The president’s “American Families Plan,” which he will detail this week, will be offset in part by a tax enforcement effort that administration officials believe will raise $700 billion over a decade."

"Previous administrations have long talked about trying to close the so-called tax gap — the amount of money that taxpayers owe but that is not collected each year. This month, the head of the I.R.S., Charles Rettig, told a Senate committee that the agency lacked the resources to catch tax cheats, costing the government as much as $1 trillion a year.

The erosion of resources at the I.R.S. was detailed in a Congressional Budget Office report last year that examined the agency’s work from 2010 to 2018. During that time frame, the I.R.S.’s annual budget declined by 20 percent and its staff declined by 22 percent. Funding for enforcement activities fell by nearly a third.

With less money and staff, the I.R.S. was forced to become more lax at enforcing tax laws. Examinations of individual tax returns fell by 46 percent and audits of corporate tax filings fell by 37 percent, according to the C.B.O."



re: uspol (IRS), New York Times link 

I was going to have more of a reaction, then I saw I had 69 characters left after "Good."

re: uspol (IRS), New York Times link 

@LexYeen I'm... rather more skeptical. It's a good idea in theory, but I'm only gonna cheer if "non-corporate businesses" -actually- means large caps and not, like, mostly people doing gigs and selling garage projects just to afford rent and food.

re: uspol (IRS), New York Times link 

@Kyresti Oh, yeah, it remains to be seen if it's *actually* aimed at the right people? But I am letting myself have a little bit of hope, as a treat.

Sign in to participate in the conversation
The Vulpine Club

The Vulpine Club is a friendly and welcoming community of foxes and their associates, friends, and fans! =^^=