General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Rs want to defund the IRS, to reverse a recent appropriation of funds
Yes, it was publicized as hiring more auditors but didn't it include also more to help tax payers, to answer questions?
Can anyone find the details? In a simple language, if possible?
Thanks
Lovie777
(12,272 posts)next.
rsdsharp
(9,182 posts)If it does, it will fail. If it should pass, Biden will veto it.
EleanorR
(2,393 posts)$80 BILLION IN FUNDING TO THE IRS TO CATCH WEALTHY TAX CHEATS
Talking Points-
*The inflation Reduction Act will strengthen tax enforcement to crack down on tax cheating by the wealthy and corporations. The richest 1% avoid paying $160 billion a year that they owe in taxes because the IRS lacks the staff to catch them.
*By restoring IRS staffing levels to where they were before deep Republican budget cuts this law will make the IRS work better for taxpayers. That means shorter waits to get tax refunds and questions answered and catching more wealthy and corporate tax cheats.
*Because of Republican budget cuts over the last decade, the IRS lacks the resources to catch many rich tax cheats: funding and staffing are each down by at least 20%; audits of corporations are down by over half and audits of millionaires are down by almost three-quarters.
*This legislation will provide the funds needed for the IRS to fully staff customer service centers to help taxpayers wanting to get their tax refund on time or their phone calls answered.
*The IRS will not increase the audit rates of small businesses or people making less than $400,000 a year. It will only crack down on tax cheating by the wealthy and corporations.
*Treasury Secretary Janet Yellen has stated: I direct that any additional resources including any new personnel or auditors that are hiredshall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels. This means that, contrary to the misinformation from opponents of this legislation, small businesses or households earning $400,000 per year or less will not see an increase in the chances that they are audited.
question everything
(47,484 posts)This is something that most taxpayers relate to.
"The base" that cheers Tump tax avoidance also cheer many others who "screw" the government.
Yo_Mama_Been_Loggin
(108,009 posts)question everything
(47,484 posts)I wish that the ones who want to strip the IRS of funds should also cut their share by the same percentage..