News

TLDR: They are prioritizing the wealthy. They simply can't afford to audit them without staff and funds to do so. They only audit if doing so is profitable for the government.

They did. They have been targeting the wealthy for years. It has been all over the news.

Problem is, court cases are expensive, running audits are more expensive based on the scale of the assets involved.

The IRS always makes additional money back based on every dollar of funding given to them but Republicans always defund the IRS. Here is an article about it from the end of the last Trump Admin LINK HERE

Actually, they have so few staff on hand that it isn't economic to audit the poor. You can expect them to never audit you unlesd they think they can make 20-30k out of it.

Correction: to harass people that oppose the system with fraudulent tax audits.

Let's rename it to "Accounts Receivable" and really run this country like a business.

The only thing that’s incorrect about this article is that they talk about millions in lost revenue, when the effect will certainly be in the billion if not trillion dollar range.

Not even subtle about it any more.

The rich have more assets and income sources and have staff who do a bunch of financial chicanery to try to hide their tax evasion. Auditing the rich requires significantly more work than the poor.

These decisions are not about doing what makes sense. The IRS is a revenue generator. Spending money on the IRS brings in significantly more money in unpaid taxes than it costs.

The goal is not to do what's best for the government's budget. Its really about ensuring that their criminal friends can continue to get away with it.

Smaller group with more to pay. It's a no-brainer if you're acting in good faith and not a complete moron. So obviously not what the current administration is going to do.

This is just the continued pushing of the tax burden onto the middle class. Which really got started good under Reagan. I think this is just the result of the uneducated GOP supporters winning this election. Now it is just a constant flood of them having no idea how government functions while ruining stuff for the rest of society,

I can only assume it's because rich people's audits are highly complex

Almost like efficiency was never the point.

Makes it more efficient for the wealthy when finding ways to avoid paying tax.

For every dollar spent on IRS audits for middle America, they get about a dollar back in recovered revenue. For every dollar spent on auditing wealthy Americans, they get about twelve dollars back in recovered revenue. I don't think these cuts are intended to help balance the budget.

Why would they do exactly the opposite of their goal?

The rest of us are mostly automated. Checking your return against a W2 and a couple of bank 1099s is easy.

Chasing down tax dodging through a web of pass through entities is not.

And yet, Republicans have been steadily making gains with the working class. With this past election they are now the dominant party for working class voters. It comes down to two things. American voters are deeply ignorant and the Democratic party is pathetically weak and out of touch.

we the poor are not a fucking bank for these lazy bastards that just keep taking all our shit for their own personal financial gain

Capitalism is a trickle-up system, so yes, that is exactly what you are.

Less of a bank, and more like livestock. And you've seen how they treat other forms of livestock.

Clearly, it was Hunter Biden's intern's emails about a tan suit.