lindstrom2020: gop-are-corporate-socialists:phosphosilicate: pertaining specifically to the audit th
lindstrom2020: gop-are-corporate-socialists:phosphosilicate: pertaining specifically to the audit thing, the IRS have also been getting starved out of funds for the past couple of decades, decreasing their ability to provide revenue to the government and adding some wonderful systemic problems to the bureaucracy in addition to our tax code being a tire fire. The problem is that auditing rich people for tax is very expensive and time-consuming, because their finances are labyrinthine nightmares meant specifically to confound the IRS. However, auditing rich people for tax fraud is basically the only way you actually catch any tax fraud.Since the IRS is getting their funding cut, they have to make themselves look useful so they can get their funding back, which means doing lots of audits. They can’t afford to audit lots of rich people, so instead they audit poor people, find nothing, waste their time, poor people’s time, and taxpayer money, and then do it again, in the hopes of actually being able to do their job some day. Damn thing’s rotting out. Worth the periodic reblog The Democrats are fighting to increase IRS funding enough to audit the super-wealthy on a regular basis. Investing $40 billion in the IRS over the next decade is estimated to create about $105 billion in additional revenue because the IRS will be able to catch tax cheats at the super-wealthy level. Here’s the Congressional Business Office statement, and here’s an easier to read news article. As of May 29, 2022, the increased budget has not passed yet, due to the Republicans. We don’t even have to pass new tax legislation - just increasing the number of auditors will bring in loads of money and tax the rich because ENFORCING THE LAWS we already have will bring in money.I read tax returns as part of my job, and I can absolutely confirm that the ordinary people earning W2 wages are paying more in taxes than rich assholes who make their money from real estate and etc. VOTE DEMOCRAT and accept that this won’t be fixed in one election cycle. We need time to build a consensus that’s strong enough that the Republicans can’t stonewall it, and that’s going to take time. -- source link