Thousands of IRS auditors to be laid off this week
We currently have 700 billion of delinquent tax debt each year that goes uncollected. THis action will make it worse. Whatever saving DOGE has accomplished to this point will be wiped out by defunding the tax police.
The IRS added 25,000 jobs and are now cutting 6,000; so they are 19,000 people ahead and still have 100,000 people
That was after Trump cut their staff in his first term. Much like the FAA they are understaffed which is why we have so much uncollected tax debt. Every study shows tax auditors bring in 10x their salary in recpatured delinquent tax.
Trump is making that debt problem worse, not better. Simple math.
That was after Trump cut their staff in his first term
As usual pj is wrong. In 2016 per the IRS, IRS staffing was 76,200. In 2020 it was 80,200.
As part of larger efforts taking place, the IRS has stepped up activity specifically on 1,600 individuals whose incomes were more than $1 million per year and who each owed the IRS more than $250,000 in recognized tax debt
All this staffing for just 1,600 people?
Originally posted by: tom
The IRS added 25,000 jobs and are now cutting 6,000; so they are 19,000 people ahead and still have 100,000 people
I might have known that stupid Tom would try to justify this.
Stupid Tom.
Every dollar spent on IRS enforcement adds FIVE dollars to the Treasury.
Stupid Tom.
As usual lying kevin is wrong. IRS data below
On September 6, 2024, the IRS and the U.S. Department of the Treasury announced that a total of $1.3 billion had been collected under the IRA enforcement initiatives.
The IRS’s 2024 Strategic Operating Plan projected that outlays for the enhanced enforcement funding would total $1.347 billion by the end of FY 2024. The IRS added more than 4,000 new full-time agents focused on enforcement with these funds. This means that by the end of FY 2024, the initiative meant to reduce the deficit has actually resulted in a higher deficit.
Who's the moron defending overtaxation to pay for oversees grift?
Originally posted by: Inigo Montoya
Who's the moron defending overtaxation to pay for oversees grift?
Who's the clown pretending he cares about the deficit when he defends policy that purposefully makes it worse?
Found the moron
This seems to be the way Musk likes to run things, X(twitter)'s value has dropped 75% since he bought it and he created a platform unappealing to advertisers causing a massive drop in revenue.
January 26, 2025:
"Musk told X employees in an email that the company is in “a very dire situation from a revenue standpoint”. The billionaire went on to add, “Our user growth is stagnant, revenue is unimpressive, and we’re barely breaking even,” Musk said in the mail, The Wall Street Journal reported."
January 10, 2024:
"The value of social media platform X has plunged by over 75 per cent compared to when billionaire owner Elon Musk bought it two years ago. The information comes from a disclosure report for Fidelity’s Blue Chip Growth Fund. As of July, the fund had an equity stake in X worth $5.5 million "
