4 ms·
This is 100% the story. The IRS can help make sure everyone is playing fair if we sufficiently fund them. And they can stop policing all the little issues and g
by washbrain 4y ago
This is 100% the story. The IRS can help make sure everyone is playing fair if we sufficiently fund them. And they can stop policing all the little issues and go after the big ones if we sufficiently fund them. AND sufficiently funding them is expected to increase tax revenue above the cost of funding them.
It's the most obvious and should be the most bipartisan approach. It's introducing no new taxes, it's equitable, it improves revenue (which could allow you hypothetically cut taxes.) It drives me up the wall that this isn't just a fast, handshake and proceed bit of legislation.
- SirSourdough 4y agoIt effectively introduces new taxes for the powerful people currently getting away with dodging them, which should be a pretty clear indication of why we aren’t seeing stronger support.
- JumpCrisscross 4y ago> should be the most bipartisan approach Lol [1][2][3]. [1] https://www.washingtonpost.com/business/2021/07/07/irs-taxes-budget-conservatives/ https://www.washingtonpost.com/business/2021/07/07/irs-taxes... [2] https://www.reuters.com/world/us/us-infrastructure-deal-teeters-after-republicans-reject-irs-funds-2021-07-20/ https://www.reuters.com/world/us/us-infrastructure-deal-teet... [3] https://www.foxbusiness.com/politics/middle-class-americans-bear-brunt-irs-audits-analysis-shows https://www.foxbusiness.com/politics/middle-class-americans-...
- washbrain 4y agoI'm aware, I'm pointing out the hypocrisy in these specific cases.
- axus 4y agoIf dodging/bungling taxes were a Civil matter instead of a Criminal matter, it might be easier to get support for better enforcement.
- deleted 4y ago[deleted]
- rrrrrrrrrrrryan 4y agoFor every $1 of additional funding, the IRS brings in $3. They're the only federal government entity for which this is true. Increasing their finding should be an absolute no-brainer, but many powerful people have a vested interest in keeping the IRS weak and small and underfunded, so that's what we've got.
- jeffwask 4y agoThe Panama papers should be all the proof we need. The Panama papers had enough data to chase tax cheats for decades. The Panama paper resulted in zero.
- areyousure 4y ago> zero https://www.irs.gov/compliance/criminal-investigation/us-taxpayer-in-panama-papers-investigation-sentenced-to-four-years-in-prison https://www.irs.gov/compliance/criminal-investigation/us-tax... https://www.irs.gov/compliance/criminal-investigation/us-accountant-in-panama-papers-investigation-sentenced-to-39-months-in-prison https://www.irs.gov/compliance/criminal-investigation/us-acc...
- jeffwask 4y agoFine so one of the biggest financial crime leaks in history implicating the wealthy and powerful all over the world resulted in one unknown old man and his accountant getting a couple years. Cool.