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"The new IRS chief, a former management consultant who briefly ran the agency on an acting basis in 2013, said that he would enforce Treasury Secretary Janet Ye

"The new IRS chief, a former management consultant who briefly ran the agency on an acting basis in 2013, said that he would enforce Treasury Secretary Janet Yellen's pledge to not increase historical audit rates for Americans earning under $400,000. The final 2017 audit rate for earners between $200,000 and $500,000 0.4%, far below the 2.3% for that bracket in 2010, according to IRS data."

notch898a 4y ago
Didn't the legislature try to introduce a bill to prevent using the new agents/funding against lower earners, and it flopped? So it turns out all along no one actually wants to keep anyone accountable to such "promises." https://www.senate.gov/legislative/LIS/roll_call_votes/vote1172/vote_117_2_00296.htm https://www.senate.gov/legislative/LIS/roll_call_votes/vote1... Statement of Purpose: To prevent the use of additional Internal Revenue Service Funds from being used for audits of taxpayers with taxable incomes below $400,000 in order to protect low- and middle-income earning American taxpayers from an onslaught of audits from an army of new Internal Revenue Service auditors funded by an unprecedented, nearly $80.000.000.000, infusion of new funds. Vote Result: Amendment Rejected
- JumpCrisscross 4y ago
  > legislature try to introduce a bill to prevent using the new agents/funding against lower earners Money is fungible. This was a messaging bill. If they were serious, they'd create an independently-funded agency within the IRS with the sole mandate of going after high earners.
  - notch898a 4y ago
    If the bill was a message, so was the response. "Fuck you, we'd rather not be hindered by such promises." ----------------------------------- RE: below [due to timeout] >The original bill already passed. factcheck: false. Original bill passed almost 12 hours later on the same day[0] [1]. The (above) amendment was voted on in the early morning, with the unamended increase passing in the afternoon. >Congress has more important things to do. factcheck: false. All 100 senators voted on the floor for a full vote on the amendment. None found they had something more important to do that would cause them not to cast a vote. >The executive has stated its position. factcheck: True. Either congress ignored the position, or they followed the privately endorsed position rather than the publicly endorsed one. [0] https://www.senate.gov/legislative/LIS/roll_call_votes/vote1172/vote_117_2_00325.htm [1] https://www.senate.gov/legislative/LIS/roll_call_votes/vote1172/vote_117_2_00296.htm
    - JumpCrisscross 4y ago
      > so was the response Not really? The original bill already passed. The executive has stated its position. Congress has more important things to do.
- jksmith 4y ago
  So less than 400k is designated as high net worth? 200k will be the new threshold at some point.
  - ashwagary 4y ago
    Inflation will ensure almost everyone is in a higher tax bracket and is auditable in 1-2 decades.
    - jksmith 4y ago
      Then more money will have to be printed. So we get a raise, but the raise still doesn't match the hurdle rate, while demand remains the same. That's some dystopian fucked up shit there.
- ortusdux 4y ago
  I don't take the legislature's failure to pass a bill as a sign of anything other than their general incompetence.

notch898a 4y ago

Didn't the legislature try to introduce a bill to prevent using the new agents/funding against lower earners, and it flopped? So it turns out all along no one actually wants to keep anyone accountable to such "promises." https://www.senate.gov/legislative/LIS/roll_call_votes/vote1172/vote_117_2_00296.htm https://www.senate.gov/legislative/LIS/roll_call_votes/vote1... Statement of Purpose: To prevent the use of additional Internal Revenue Service Funds from being used for audits of taxpayers with taxable incomes below $400,000 in order to protect low- and middle-income earning American taxpayers from an onslaught of audits from an army of new Internal Revenue Service auditors funded by an unprecedented, nearly $80.000.000.000, infusion of new funds. Vote Result: Amendment Rejected

JumpCrisscross 4y ago
> legislature try to introduce a bill to prevent using the new agents/funding against lower earners Money is fungible. This was a messaging bill. If they were serious, they'd create an independently-funded agency within the IRS with the sole mandate of going after high earners.
- notch898a 4y ago
  If the bill was a message, so was the response. "Fuck you, we'd rather not be hindered by such promises." ----------------------------------- RE: below [due to timeout] >The original bill already passed. factcheck: false. Original bill passed almost 12 hours later on the same day[0] [1]. The (above) amendment was voted on in the early morning, with the unamended increase passing in the afternoon. >Congress has more important things to do. factcheck: false. All 100 senators voted on the floor for a full vote on the amendment. None found they had something more important to do that would cause them not to cast a vote. >The executive has stated its position. factcheck: True. Either congress ignored the position, or they followed the privately endorsed position rather than the publicly endorsed one. [0] https://www.senate.gov/legislative/LIS/roll_call_votes/vote1172/vote_117_2_00325.htm [1] https://www.senate.gov/legislative/LIS/roll_call_votes/vote1172/vote_117_2_00296.htm
  - JumpCrisscross 4y ago
    > so was the response Not really? The original bill already passed. The executive has stated its position. Congress has more important things to do.
jksmith 4y ago
So less than 400k is designated as high net worth? 200k will be the new threshold at some point.
- ashwagary 4y ago
  Inflation will ensure almost everyone is in a higher tax bracket and is auditable in 1-2 decades.
  - jksmith 4y ago
    Then more money will have to be printed. So we get a raise, but the raise still doesn't match the hurdle rate, while demand remains the same. That's some dystopian fucked up shit there.
ortusdux 4y ago
I don't take the legislature's failure to pass a bill as a sign of anything other than their general incompetence.