robertreich · a month ago
You Are Being Lied to About the IRS
The IRS is set to receive its largest funding increase in years thanks to the Inflation Reduction Act.
You know who should be worried about this?
Wealthy Americans who dodge taxes.
Recent figures estimate that the richest 1 percent are hiding more than 20 percent of their earnings from the IRS, accounting for more than a third of all unpaid federal taxes. 
Some estimates show that collecting all unpaid federal income taxes from the wealthiest Americans could generate anywhere from $200 billion to $1.75 trillion over the decade.
So why hasn’t our government been able to collect all that untaxed money from the richest of the rich? Because the IRS has been underfunded and severely understaffed – thanks in large part to a decades-long campaign from Republicans to transfer wealth to the top.
Over the past 10 years, the IRS budget has been reduced by roughly 20%. Its staffing is at a level not seen since 1973 although the American population is about a third larger now.
On top of that, the tax returns of the wealthy are very difficult, time consuming, and incredibly costly to audit – and rich taxpayers often have platoons of lawyers and accountants that shield them from tax liabilities.
Without proper resources, it’s harder for the IRS to go after the wealthiest Americans who avoid paying their fair share.
As a result, just 2% of the richest Americans had their taxes audited in 2019, down from 16% in 2010.
Meanwhile, the poorest Americans – who often claim a tax break known as the earned income tax credit – are five times more likely to get audited because their tax returns are less complex, and because of pressure from congressional Republicans to root out incorrect payments of the credit.
When the IRS can’t function properly, all taxpayers aren’t off the hook evenly – and the result is a tax system stuck in a cycle where the working class bears the brunt while the rich hoard wealth that could be used to invest in America.
So, don’t believe the lies coming from the oligarchs and their propaganda machine– it’s all fear mongering. The 1% have an incentive to keep the IRS hobbled and unable to excavate their hidden wealth.
They also know the public is against them – boosting the IRS budget to strengthen tax enforcement on high-income taxpayers is a popular policy supported by more than two-thirds of registered voters.
IRS funding is a good thing. It means the agency can finally go after the real freeloaders in America: The super-rich.
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alessandriana · 8 months ago
Remember: If you make less than $73,000 a year, you are eligible to file your federal* taxes for free through the Free File program. Don't get sucked into paying money for it when you don't have to.
Here's the IRS website that shows you how. YOU MUST CLICK THROUGH IRS.GOV. If you don't, you won't qualify!
*some partner sites offer free state taxes too
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scarabou · a month ago
While national media desperately tries to convince you that the IRS needs 87,000 more agents to audit billionaires, the IRS Adrian recruiting project teaches students to audit small businesses.
Non-lethal weapons are not part of an agent's standard issue kit.
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freetheshit-outofyou · a month ago
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The IRS sends their auditor to audit a synagogue.
The auditor is doing all the checks, and then turns to the Rabbi and says, “I noticed that you buy a lot of candles.”
“Yes,” answered the Rabbi.
“Well, Rabbi, what do you do with the candle drippings?” he asked.
“A good question,” noted the Rabbi. “We actually save them up. When we have enough, we send them back to the candle maker and every now and then, they send us a free box of candles.”
“Oh,” replied the auditor, somewhat disappointed that his question actually had a practical answer.
The Agent thought he’d try another question, in his obnoxious way. “Rabbi, what about all these matzo purchases? What do you do with the crumbs from the matzo?
“Ah, yes,” replied the Rabbi calmly, “we actually collect up the crumbs, we send them in a box back to the manufacturer and every now and then, they send a box of matzo balls.”
“Oh,” replied the auditor, thinking hard how to fluster the Rabbi. “Well, Rabbi,” he went on, “what do you do with all the foreskins from the circumcisions?”
“Yes, here too, we do not waste,” answered the Rabbi.
“What we do is save up all the foreskins, and when we have enough we actually send them to the IRS.”
“To the IRS ?” questioned the auditor in disbelief.
“Ah, yes,” replied the Rabbi, “directly to The IRS …And about once a year, they send us a little prick like you.”
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ancaporado · a month ago
Scott Horton spitting straight fire every time he gets the mic. Love the gulp from the democrat lady just to his left.
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dontmean2bepoliticalbut · 3 months ago
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ancappunk · a month ago
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Dudes be out here straight up admitting they're elitist authoritarians with no regard for the regular citizens.
I don't really care about what happens to these freaks anymore. They're being honest with their worldview and if that worldview demands I hand over my rights and paycheck, fuck em. There is no reason to not be in power and still support any government agency.
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fregget-frou · 3 months ago
Hey look it’s our favorite boys!
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theanarchistscookbook · 5 days ago
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tadviv · a month ago
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bighermie · a month ago
Count on the jack booted thugs having quotas to meet.
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sardonic-the-writer · a month ago
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porterdavis · a month ago
This is an IRS cafeteria
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Yes, the GQP has gutted and strangled the IRS into a technological and systems wasteland. The 86,000 'new hires' Biden's bill provides merely brings the agency up to previous levels before the GQP cut.
They cut and are fighting the restoration on behalf of their rich donors who have gone un-audited for years now and doubtless taken advantage of that fact. Indeed the IRS estimates the taxes recovered by the new agents will be 10X their cost.
Sounds like a good investment to me.
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IRS Agents confirm that you are not required to pay income tax.🤔
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i-was-today-years-old-when · 5 months ago
i learned that the IRS still operates largely on mainframe computers running 60 year old code (x)
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theodoretheninja · a month ago
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ancappunk · a month ago
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All of them.
It's all of them.
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