@jeffwM to News • 5 months agoIRS criticized for taking nearly 2 years to help ID theft victims get their refundswww.usatoday.comexternal-linkmessage-square13arrow-up1172arrow-down11
arrow-up1171arrow-down1external-linkIRS criticized for taking nearly 2 years to help ID theft victims get their refundswww.usatoday.com@jeffwM to News • 5 months agomessage-square13
minus-square@[email protected]linkfedilink14•5 months agohttps://www.businessinsider.com/irs-tax-audits-recover-12-dollars-for-every-dollar-spent-2023-6#:~:text=Economists find that every extra dollar spent on,top 10%25 of taxpayers yields %2412 in revenue. tl, dr = Every dollar spent investigating the richest means another $12 in taxes. This is with no new tax laws, just enforcing the one’s on the books.
minus-square@[email protected]linkfedilink2•5 months agoTotally related to the issue. The issue is that the IRS is underfunded because big GOP contributors don’t want to have to go toe to toe with an agency that can make them pay taxes. That’s why Trump got a surge of money after his New York City trial lose; rich folks hate the idea that the law might be used against them.
https://www.businessinsider.com/irs-tax-audits-recover-12-dollars-for-every-dollar-spent-2023-6#:~:text=Economists find that every extra dollar spent on,top 10%25 of taxpayers yields %2412 in revenue.
tl, dr = Every dollar spent investigating the richest means another $12 in taxes. This is with no new tax laws, just enforcing the one’s on the books.
Not really related to this issue though?
Totally related to the issue.
The issue is that the IRS is underfunded because big GOP contributors don’t want to have to go toe to toe with an agency that can make them pay taxes.
That’s why Trump got a surge of money after his New York City trial lose; rich folks hate the idea that the law might be used against them.