Senate passes the Inflation Reduction Act
(media.kotakuinaction2.win)
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The Democrat mentality is that taxes only really affect the rich.
Of course the IRS loves to target Republican constituencies like small business owners.
...80 billion to double the number of IRS agents who commit audits.
Let's assume an agent costs 80k, and that you'll be employing them over 10 years. 800k/person. That's probably overpaid from what I understand, but easy math.
10 is 8 million. 10000 is 8 billion. 100,000 is 80 billion.
100,000 auditors.
You don't need an ADDITIONAL 100,000 auditors, to surveil the handful of billionaires and "the rich". That's to police the poor.
That $600 limit is actually why I stopped doing business via PayPal, Cash app, ect and switched to only taking cash for my side hustle.
I tell this to my wife all the time; we're completely average in terms of income and assets, therefore to 50% of the people in the country we are "rich."
They will soak the middle, count on it.