Summary
The IRS anticipates a $500 billion revenue loss as taxpayers increasingly skip filings following cuts from Elon Musk under Trump.
The IRS, set to downsize by 20% by May 15, has seen increased online chatter about avoiding taxes, with individuals betting auditors won’t scrutinize accounts.
Experts warned that workforce reductions could cripple the agency’s efficiency.
Treasury officials predict a 10% drop in tax receipts compared to 2024.
Former IRS commissioners have criticized the cuts, warning of dysfunction and reduced collection capacity.
You’re like 70 percent water, can we remove that and expect you to function?
That’s kind of the point. We don’t need a functional government because we don’t need government at all. Governments want us to think we need them when we do not.
https://www.youtube.com/watch?v=fZ0Qkhnt6bQ
That’s immensely dumb and highlights a basic misunderstanding of government.