IRS Has Collected Over $1B From Wealthy Tax Cheats, Thanks to New Funding
IRS Has Collected Over $1B From Wealthy Tax Cheats, Thanks to New Funding
Republicans have clawed back part of the funding allowing the agency to chase after millionaires for unpaid taxes.
The average American feel as though they were going to be targeted by the IRS, rather than the wealthiest 1 percent of Americans
This is the problem with American politics and American economics.
The average America feels that they are, or belong to, the wealthiest 1%
The average America feels that they are, or belong to, the wealthiest 1%
"John Steinbeck once said that socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires."
I think one of the earliest moments in my political awakening was, while watching a TV debate between two local politicians, I remember remarking to my friend that the older guy seemed to be more reasoned, etc. (I was like 8 or 9). The head of the household overheard this, and - this was in a trailer in a very depressed area of the country, mind you - all of us were quite poor - turned beet red, and shouted, HE WANTS TO RAISE MY TAXES!!!!
That is the source of so many problems in this country. These people really do think they are going to be living like kings and queens if it wasn't for "taxes".
This is the problem with parties that only win by fear mongering. Their dishonesty results in our progress being held back.
Defunding the IRS will become even higher priority item for the cons.
And the MIC thanks them
...and it only cost $80B to do it. 🙄
The $80 billion is spread over 10 years, and Republicans have already reduced that by $20 billion. Also, that's the total increase in funding from the Inflation Reduction Act, whereas this $1 billion recovered is only one success story of many. Please don't make such misleading statements.
The Inflation Reduction Act, which passed in 2022 without any Republican votes, approved about $80 billion for the IRS over a 10-year period.
Democrats say the money is meant to help the IRS ramp up its enforcement efforts on high-income taxpayers as well as improve its archaic taxpayer services system.
From a linked article. I'm not sure how much the "archaic taxpayer services system" costs, but my comment is accurate.
Agreed! It'd be MUCH BETTER if we used that 80B to PAY for those Millionaire's and Billionaire's Yachts INSTEAD of collecting over a BILLION in less then a Year!