I.R.S. Deploys Artificial Intelligence to Target Rich Partnerships::The tax agency is opening examinations into large hedge funds, private equity groups, real estate investors and law firms.
I.R.S. Deploys Artificial Intelligence to Target Rich Partnerships::The tax agency is opening examinations into large hedge funds, private equity groups, real estate investors and law firms.
The IRS never stopped going after middle and working class tax cheats. They stopped going after the very rich because their budget was cut to the bone and they couldn’t afford to fight a protracted lawsuit and possibly lose.
The reason they’re going after them now is because funding the IRS, at least on paper, brings in more revenue. So, it was a way for the Senate to get the Inflation Reduction Act fully paid for without adding debt or changing tax rates. (Same with allowing Medicaid/Medicare negotiate prescription drug prices. There’s a lot of money in America’s couch cushions.)
They stopped going after the very rich because they were tactically underfunded by a corrupt administration that explicitly wanted them to stop going after the very rich. That administration then got voted out of office, so the rules are different now.
You’re correct, but it didn’t happen under Trump. It was under Reagan I believe. It’s never been fixed.
America has never been fixed since Reagan
It’s crazy how many problems in this country can be tied back to either Reagan’s fuck ups not being fixed or FDR not going far enough.