IRS expects to collect hundreds of billions more in unpaid taxes thanks to new funding

by Hungry_Bat_2230

21 comments
  1. GOP billionaire boot-lickers to denounce this in 5…4…3…

  2. Funding the IRS: the one crazy trick rich people and their Republican lackeys hate.

  3. Investment is the IRS is literally the most profitable investment the government can make at the current economic landscape. But then lobbying. Oh well.

    If only the executive branch can just move money to the IRS to get more money to spend elsewhere….

  4. Good. We ALL can benefit from taxes. Especially when the correct amount is duly collected. These billionaire will not die if they are taxed. They will not go broke if they are taxed. We all are taxed, and we ALL should pay what is due. How these massive corporations can have so little tax rate also blows my mind, but that is for another day.

  5. Keep going. Tax cheats need to pay up. It’s your cost for living in a civilized society.

  6. Staggering stat:

    >The audit rate of millionaires fell by more than 70% from 2010 to 2019 and the audit rate on large corporations fell by more than 50%, Treasury’s Deputy Assistant Secretary for Tax Analysis Greg Leiserson told reporters. IRA funding “is enabling the IRS to reverse this trend,” Leiserson said.

  7. Hey all right! I’m sure that money will be used to make the lives of the less fortunate easier, right? Right?

    …right?

  8. That’s like Amazon and Tesla if they paid their taxes

  9. And you see conservatives, you can actually get a return on your fucking investment, yes even at the government level.

    Anyone that is all for lower taxes for 4 years and is then utterly silent for a different 4 years, has no idea what is going on.

  10. For every dollar put into the IRS, the government gets back 7 dollars in revenue. The GOP knows that their billionaire masters don’t want more agents looking to tax their stolen wealth, so they have to dupe the working class into believing that the IRS is this demonic entity going after their 2002 toyota camry.

  11. Why’s it even matter how much they collect? Politicians on each side spend recklessly regardless. Even if we taxed Billionaires appropriately, it’d barely make a dent in the deficit.

  12. Well thanks to my ex and my absolutely dumb brain I owe them $3000

  13. Danny Werfel is married to my first cousin. If ever there was a straight shooting, no nonsense dealer. It’s Danny! Would turn his own mother in for $100 worth of tax evasion. Glad to see he’s sticking it to the man!

  14. I’m off the opinion if we can give the irs dick tons of money to hire thousands and thousands of the best tax and corporate lawyers, we’d have another trillion or so a year.

    So the IRS gets a six dollar return for every dollar spent. I say we shoveabout 100 billion at them, and fund it for the next 10 years.

    You can hire 20k lawyers for 1000 an hour for about 40 billion. You can give them 5 lawyers under them each for about 32 billion. The rest can go to infrastructure and perhaps updating their technology.

    This should be enough where the IRS is officially the largest law firm in the entire world, and thus the rich and corporations can’t overwhelm the IRS by lawyering up, or wear them down. The largest law firm by numbers is in china, with 12k. This would have 100k lawyers.

    My point being that the one way to get more tax revenue, is to spend more money so the IRS can actually go after tax cheats.

    If they expect this much with the budget they have, there is loooots more money out there they can take back.

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