Summary
Mass firings at the IRS under the Trump administration threaten ongoing audits of wealthy individuals and corporations, potentially leading to millions in lost tax revenue.
The cuts primarily impacted employees in the Large Business & International Division, many of whom had extensive tax expertise.
With fewer agents and specialists, complex cases may be prematurely closed, undermining enforcement against high-end tax evasion.
Critics warn this weakens IRS oversight and emboldens tax avoidance among the ultrawealthy.
Gee, that almost sounds like it was intentional.
Not even subtle about it any more.
They weren’t subtle to begin with.
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.
They should have cut all IRS investigations except the wealthy.
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?
I may be behind, have they installed a Republican shill in directorship in the IRS as well as defunding them? If not, then they should still have agency in fund allocation
Ah…balls.
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.
Fair point, but potential returns are massive, and if they were targeting likely evaders , they could compound the money spent on manual checks (a list of high ranking Republican members might be a good place to start)
Friendly reminder that Joe Biden increased resources to the IRS and they recouped billions from wealthy tax cheats.
But he was too old, so we went with an old rapist felon traitor instead.
That kind of seems like the opposite of efficiency
Almost like efficiency was never the point.
Makes it more efficient for the wealthy when finding ways to avoid paying tax.
Turns out they only have enough to audit the poor and middle class.
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.
Easy pickings. The average middle class folk pay up what ever the gov says they owe, when they receive a stern letter while the rich lawyer up at the drop of a hat. Also, if a neighbor gets in trouble, the whole neighborhood gets scared and obeys. If a few irate taxpayer pulled a Luigi, things might change.
They are going after the people who don’t have armies of lawyers to slow the process down…easy pickings
I would say “why don’t they just focus on rich people and not audit the other 90% of Americans.” But we already know the answer to that one no matter who’s in charge.
Retail Store CEO:
We will save money by firing all the cashiers!
Why wouldn’t they retaliate by specifically prioritizing the wealthy?
If they’re crunched on time wouldn’t they focus on the highest value accounts?
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
Fucken sick of this blatant manipulation by the wealthy. The IRS is our fucken money maker.
Let’s rename it to “Accounts Receivable” and really run this country like a business.
The Helmsley Doctrine (“only the little people pay taxes”) is now law
Trickle up economics
Vacuum up economics
I refiled my W4s to pay little to no taxes. I realize they’re going to come after it later, but I just plan to play dumb and delay and deny for as long as I can (without facing jail time).
Maybe tell them you were using it to pay the new import taxes Trump implemented and that you thought it was the same thing.
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… And they’ll keep taking and taking if we keep letting them, and we’ve been over the limit for some time already It’s past due to push them off of us
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.
That’s some good praxis
Less of a bank, and more like livestock. And you’ve seen how they treat other forms of livestock.
Geez gosh golly!
I can’t believe stuff like this happening under a Trump presidency ! Is it actually possible Trump wants good things to happen to the wealthy and nobody else!
Not possible! I refuse to believe it!
Clearly, it was Hunter Biden’s intern’s emails about a tan suit.
Thank goodness! The eternally suffering oligarchs will finally get a break from all the riff raff harassment
So much corruption under this convicted felon president.
