Last weekend, all 50 Senate Democrats voted against an amendment offered by Senate Finance Republican Leader Mike Crapo (R-ID) that would have protected lower- and middle-income American taxpayers against new audits by the IRS.
The Congressional Budget Office (CBO) confirms that had this amendment passed and lower- and middle-income taxpayers been protected, revenue in Democrats’ bill would have been reduced by at least $20 billion – confirming that at least $20 billion of the $124 billion in new revenue expected by a supercharged IRS will be coming from higher audits on low- and middle-income Americans.
The Joint Committee on Taxation, Congress’s official tax scorekeeper, says that from 78 percent to 90 percent of the money raised from under-reported income would likely come from those making less than $200,000 a year. Nearly half of the audits would hit Americans making $75,000 per year or less and only 4 percent to 9 percent would come from those making more than $500,000.
Do you really think these super charged audits will be fairly distributed between blue and red states? Do you trust the Biden admin IRS to not weaponize this new power to witch hunt conservatives just like how the prior Obama admin went after right wing charities and tax exempt groups?
There are 735 billionaires in the country.
When the IRS posted 87,000 job vacancies, that made it rather obvious what was about to happen, and to whom.
Oh, and those employees are told they must be ready to be armed, and ready to use deadly force. That ain't no desk job. That's a literal army ready to bust down your door.
Even if you just look at millionaires, there's just over 20 million in the US apparently. Which means those 87000 new IRS employees can cover every millionaire if they get assigned about 200 apiece. Anyone who thinks this was just about "tax the rich" is an idiot.
Is that math right? 87000 people can cover 20 million people with 200 per millionaire? 87000 people can at most cover 87000 millionaires at one each.
Each IRS agent is assigned to monitor 200 millionaires (I think it's actually 229 and change)
If one IRS agent takes on 20 millionaires, all 87000 can take care of 1740000 millionaires.
Don't worry, the IRS will definitely not use it's new hires to go after the middle class.
Less than a week later, this.
I tried talking to a leftist guy I know about this and his counter was that the head of the IRS already said they wouldn’t go after low and middle income folks. Well, that settles it then. They promised they wouldn’t! Pay no attention to them having passed laws over the last few years that only make sense if they were.
Obama: "If you like the plan you have, you can keep it. If you like the doctor you have, you can keep your doctor, too. The only change you’ll see are falling costs as our reforms take hold."
Libs lie and lie and lie and will keep whispering lies into your ear even as they plunge their knives into your back.
Go ahead and tell any Democrat today that the Democrats favor open borders. They will get outraged, OUTRAGED at the mere suggestion! The facts don't lie. The Democrats flug the gates wide open while also completely shutting down deportations for a lot of groups. Basically the only group getting deported is single adults. Families are being released into the US and the Democrats totally banned deportations of children. Illegals can see this, and so a massive flood of families and children are crashing over the border every day. Democrats are hoping voters don't notice, so the lib media is keeping very quiet about it.
Isnt that just infuriating? The sheer extent of the blind faith these retards have in the government.
The IRS is a terrorist organization.
*The entire federal government
Damn straight.
Growing up is learning that taxation and regulation is designed to attack the competition of corporate goliaths, rather than the goliaths themselves, and it's the primary reason they pay to have politicians pass taxes and regulations.
Damned Revenuers.
I have no doubt Schedule F and 1099s are going to be targeted, too.
That’s why they’re having PayPal and Venmo and other companies issue 1099’s every year. Billionaires aren’t using Venmo to get around their taxes. Hair stylists, contractors, dog walkers, tutors, and people like that get paid that way plenty of times and now they’re coming for them.
I expect a new cash economy will form for those folks.
Xir. uhhh, Unknown... Say-lor? Yes, this is Agent Stairs-Muffin with the EYE-ARR-ESS, they's pronouns are Zeyzimzor/Gher, they am wearing a green tutu if xir are visually impaired... they see here that xir haven't filed taxes in several years, so they've decided to audit xirrrrrr...