Thousands of millionaires haven’t filed tax returns for years, IRS says
Thousands of millionaires haven’t filed tax returns for years, IRS says
About 125,000 notices will be sent to high-income earners, including 25,000 people with income more than $1 million, the tax agency said
This is who the Republican party's complaints about the IRS are intended to protect.
The IRS came after me over the taxes for a couple of grand on a repossessed car that I never got the paperwork on. Apparently I should have just made a few million and not filed at all rather than losing everything I had.
The issue is these people can afford accountants and other people to draw out and hinder the process. Poor people just have to pay or be held accountable. That's why low IRS funding hurts poor people and high funding hurts rich people. If they've got the money, they can go after the wealthy and, in turn, get even more money from them than they spent to get it.
So your argument here is they shouldn't go after those people now? No, I get you're annoyed that you got fucked in relation to these fucks, but this is a step in the right direction right?
Your reading comprehension is shit. No wonder they say 21% of the USA is illiterate.
Did we read the same comment?
No, that's not at all what I'm saying. I'm saying that I was so broke that my car was repossessed and the IRS sees that as me making money. So they billed someone who had literally nothing to their name at the time. Yet due to shit funding they can't go after millionaires who don't even fucking file who should be their highest priority because that would bring in both more money for public good and more money for the IRS to go after the bigger fish rather than penny ante bullshit.
Sooo... Not only has it not trickled down but, they haven't even paid their fair share, huh? Who woulda' thought?!
Oh come on buddy... It hasn't trickled down because they haven't paid their fair share yet! Doubtless the cheque is in the mail and it just got lost for a few years or something; it'll all start trickling down in no time don't you worry!!
Obvious the rich didn't pay tax at all, evade the most time possible to paid it or use tricks to pay the most less posible, it's a classic, the middle and low class are the ones which pay the majority of tax and in time, it's the way capitalism work.
The funny thing it's how some people are proud of paying tax while the rich didn't pay a fuck LMAO.
The Republicans have long had a strategy of requiring the IRS to heavily audit use of the earned income tax credit for the poor, while starving it for resources, so that it couldn't audit the richest.
The Inflation Reduction Act the Democrats passed a couple years back gave the IRS money to actually go after the wealthy, which is what we're seeing here.
The Inflation Reduction Act the Democrats passed a couple years back gave the IRS money to actually go after the wealthy, which is what we’re seeing here.
And of course the goddamn scum of the earth propagandists screamed "the Democrats are funding the IRS to COME AFTER YOU!!" And we now have a talking point about how the IRS needs to be defunded to "protect the little guy." It's so disgusting... I hate these people so much.
That's called GOOD BUSINESS! The TRUE Leeches are the SINGLE MOTHERS using FOOD STAMPS to feed their KIDS!
Haven't filed tax return? So they don't want refunds? I'm confused.
If you're getting a refund, it's means you've been over paying and giving Uncle Sam an interest free loan.
I haven't gotten a (federal) refund in years. Every year I pay at tax time, so that money is sitting in my savings account for the year gaining interest rather sitting in the governments account gaining interest. We aren't talking a ton of money, but it's the type of game I can't help but play if it's available.
The super-rich don't get much of their income from wages, where there is withholding of a bit more than you're likely to owe if the wages are your only income. They get it from interest, dividends, and running a business. There is usually not withholding for those, so they're supposed to make quarterly payments. But the Republicans cut IRS funding years ago, so it didn't have the resources to go after them if they just stopped paying. So a lot did just that.