- The Treasury Department and the IRS announced the collection of more than $1 billion in tax debt from high-income individuals over the past year.
- In September, the IRS announced plans to expand its scrutiny of those making more than $1 million annually with more than $250,000 in recognized tax debt.
- However, the funding enacted in 2022 that is allowing the IRS to pursue its plans still has its critics, particularly among congressional Republicans.
However, the funding enacted in 2022 that is allowing the IRS to pursue its plans still has its critics, particularly among congressional Republicans.
“How dare they raise revenue from the tax cheats who vote for us!”
“tax cheats who bribe us!” FTFY
This is the one that always gets me about “small government” people. They talk about inefficiencies and say, “the private sector can do it better,” which is debatable because comparing money and service is subjective (IMHO, they’re still wrong, but that’s besides the point). Yet most of them don’t want to properly fund tax administrators, when time and time again, they’ve shown they’re a money multiplier. If you want a more basic, striped down tax code, I once again disagree, but fine, that’s your opinion. However, in our current tax system enforcement is underfunded, and I think it just shows their true intent to enrich the wealthy.
They talk about inefficiencies and say, “the private sector can do it better,”
The private sector generates profits, which can then be translated into passive incomes for lenders and dividend recipients. The public sector isn’t explicitly designed to provide steadily increasing passive incomes to American plutocrats. That’s the big difference.
However, in our current tax system enforcement is underfunded
Laws are for little people. The purpose of the IRS should be to make low-income tax credits and other poverty relief measures a political promise the smallest possible material benefit. It shouldn’t be to claw back profits from the plutocrat class. Government should exist to guarantee the collection of rents from the working class and defend the property of the landlord class by extracting additional rents from the working class.
I’m a Fiscally Responsible Republican and this is HORRIBLE! We would be MUCH better off if instead of having Millionaires and Billionaires paying Taxes we instead had HOMELESS MOTHERS WHO HAVE NO MONEY paying Taxes!
