IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes.
I bet if they taxed the people that have money they could get a bunch more.
That’s what they’re doing. The additional funding have them the resources to actually audit those people with money.
Proportionally tax them.
IRS isn’t in charge of the rate
When people say tax the rich, they’re talking about the government taxing them. Which includes the IRS.
I know. But this entire article was about specifically the IRS using it’s additional staffing (which it is likely to lose soon). Not about Congress changing the tax code (which won’t happen for the better anytime soon)
With that kind of return on their time investment, they could probably just not collect from the bottom 99% and still be net positive overall.
You’re off by a factor of roughly 1000. US collected 4.7 trillion in taxes last year.
Except not really. Most tax revenue requires no audit investigation at all, it is just from regular correct filings.
From the audits, the return on investment for those 1%er investigations is probably that large compared to going after the average citizen. The average person simply doesn’t make enough to try and hide millions from the IRS in the first place.
Wait, funding the IRS wasn’t a scam? Does this mean Biden actually did something? I kept hearing he was useless. Surely people on the web haven’t been lying about this!
Business tax filings are still 6 years behind from his last term.
