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> the reduction results in at least $3 billion in lost revenue each year. Is this "shocking"? In FY2021, the federal government brought in $4.05 trillion doll
by abernard1 5y ago
> the reduction results in at least $3 billion in lost revenue each year.
Is this "shocking"?
In FY2021, the federal government brought in $4.05 trillion dollars. [1]
This means this is less than 1/1000th, or 0.07% of revenue.
The IRS budget is $12 billion dollars, and it was previously $14 billion, or $2 billion more [2]. What you're saying is that we lost $1 billion while managing to reduce the IRS workforce (and the number of people hassled by tax audits) by 30%. That sounds like a great deal.
[1] https://datalab.usaspending.gov/americas-finance-guide/revenue/ https://datalab.usaspending.gov/americas-finance-guide/reven...
[2] https://www.irs.gov/statistics/irs-budget-and-workforce https://www.irs.gov/statistics/irs-budget-and-workforce