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I'm glad the IRS is doing this, but I wish they would also go after wealthy people dodging taxes. The IRS has been deliberately underfunded to protect wealthy p
by minikites 5y ago
I'm glad the IRS is doing this, but I wish they would also go after wealthy people dodging taxes. The IRS has been deliberately underfunded to protect wealthy people, who have the resources to fight the IRS. Paying taxes should be celebrated, not vilified, and I hope Biden's proposal (https://www.cnbc.com/2021/05/05/bidens-80-billion-plan-to-beef-up-irs-audits-may-target-wealthy-small-business-owners.html https://www.cnbc.com/2021/05/05/bidens-80-billion-plan-to-be...) or something similar to that takes effect soon.
- adabyron 5y agoMy random 2 cents.. It's super hard to get the very wealth $1 million plus to pay direct taxes. There are to many loop holes & they have to many opportunities available to avoid the taxes. I think the best option is types of indirect taxes. I just don't have a great idea for this.