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.
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.
They should have cut all IRS investigations except the wealthy.
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)
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.
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.
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
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.
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.
Thank goodness! The eternally suffering oligarchs will finally get a break from all the riff raff harassment
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
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.
It doesn’t make sense to me because there are fewer ultra wealthy people in America than there are poor people.
so with staff getting cut in half, you’d think it would be better to focus on the smaller group.Smaller group with more to pay. It’s a no-brainer if you’re acting in good faith and not a complete moron. So obviously not what the current administration is going to do.
I can only assume it’s because rich people’s audits are highly complex
Auditing the less wealthy is already automated.
This is just the continued pushing of the tax burden onto the middle class. Which really got started good under Reagan. I think this is just the result of the uneducated GOP supporters winning this election. Now it is just a constant flood of them having no idea how government functions while ruining stuff for the rest of society,
And low info,.plus bigotry too.
But they’re winning! And fucking over “the libs” at the same time!
So much corruption under this convicted felon president.
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!
