(Total Views: 145)
Posted On: 02/14/2023 11:30:28 PM
Post# of 126650
Keep on pushing that easily discredited meme. Most of the agents are to replace retiring agents and much of the money is for enforcement and to upgrade computers.
Now, if Willy Sutton was right about robbing banks because that's where the money was, where do YOU think the IRS is going to look to find the most money? You really do have to be a nitwit to think the IRS is going to go after waitresses.
Reconciliation bill includes nearly $80 billion for IRS including enforcement, audits: What that means for taxpayers
PUBLISHED MON, AUG 8 202211:22 AM EDTUPDATED MON, AUG 8 20222:31 PM EDT
https://www.cnbc.com/2022/08/08/reconciliatio...nding.html
Part of President Joe Biden’s agenda, the Inflation Reduction Act allocates $79.6 billion to the agency over the next 10 years. More than half of the money is meant for enforcement, with the IRS aiming to collect more from corporate and high-net-worth tax dodgers.
The remainder of the funding is earmarked for operations, taxpayer services, technology, development of a direct free e-file system and more. Collectively, those improvements are projected to bring in $203.7 billion in revenue from 2022 to 2031, according to recent estimates from the Congressional Budget Office.
IRS audits have plunged over the past decade, with the biggest declines among the wealthy, according to a May 2022 report from the Government Accountability Office.
The audit rate for Americans making $5 million or more dropped to about 2% in 2019, compared to 16% in 2010, the report found. The agency said it is working to improve these numbers.
Now, if Willy Sutton was right about robbing banks because that's where the money was, where do YOU think the IRS is going to look to find the most money? You really do have to be a nitwit to think the IRS is going to go after waitresses.
Reconciliation bill includes nearly $80 billion for IRS including enforcement, audits: What that means for taxpayers
PUBLISHED MON, AUG 8 202211:22 AM EDTUPDATED MON, AUG 8 20222:31 PM EDT
https://www.cnbc.com/2022/08/08/reconciliatio...nding.html
Part of President Joe Biden’s agenda, the Inflation Reduction Act allocates $79.6 billion to the agency over the next 10 years. More than half of the money is meant for enforcement, with the IRS aiming to collect more from corporate and high-net-worth tax dodgers.
The remainder of the funding is earmarked for operations, taxpayer services, technology, development of a direct free e-file system and more. Collectively, those improvements are projected to bring in $203.7 billion in revenue from 2022 to 2031, according to recent estimates from the Congressional Budget Office.
IRS audits have plunged over the past decade, with the biggest declines among the wealthy, according to a May 2022 report from the Government Accountability Office.
The audit rate for Americans making $5 million or more dropped to about 2% in 2019, compared to 16% in 2010, the report found. The agency said it is working to improve these numbers.
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