4 ms·

The agents being hired are mostly just support agents answering the phone. And on net the investment in improving the IRS is a net positive on revenue because t

The agents being hired are mostly just support agents answering the phone. And on net the investment in improving the IRS is a net positive on revenue because they can more effectively go after folk who are cheating. It's amazing how some folks will be ardently opposed to "defunding the police" ... except for the tax police.

wahnfrieden 3y ago
it's unpopular because IRS only goes after low-level tax cheats, not the already-rich ones who steal far more, and funding them more doesn't change that priority. similar to police.
- whakim 3y ago
  In this particular case, this funding does change that priority. Janet Yellen has instructed that "any additional resources—including any new personnel or auditors that are hired—shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels" [1]. Unfortunately, auditing extremely wealthy individuals is complicated and expensive because you're pitting underpaid and overworked IRS employees against a wildly complicated tax system that is exploited to the max by the super-rich and their well-remunerated tax lawyers. [1] https://home.treasury.gov/news/press-releases/jy0918 https://home.treasury.gov/news/press-releases/jy0918
- toomuchtodo 3y ago
  https://www.cnn.com/2023/10/20/politics/irs-millionaire-tax-collection/index.html https://www.cnn.com/2023/10/20/politics/irs-millionaire-tax-... (“IRS has collected $160 million in back taxes by cracking down on millionaires”) https://www.irs.gov/newsroom/irs-announces-sweeping-effort-to-restore-fairness-to-tax-system-with-inflation-reduction-act-funding-new-compliance-efforts https://www.irs.gov/newsroom/irs-announces-sweeping-effort-t... (“IRS announces sweeping effort to restore fairness to tax system with Inflation Reduction Act funding; new compliance efforts focused on increasing scrutiny on high-income, partnerships, corporations and promoters abusing tax rules on the books”)
gaganyaan 3y ago
You do realize why the IRS and cops are different, yes?

wahnfrieden 3y ago

it's unpopular because IRS only goes after low-level tax cheats, not the already-rich ones who steal far more, and funding them more doesn't change that priority. similar to police.

whakim 3y ago
In this particular case, this funding does change that priority. Janet Yellen has instructed that "any additional resources—including any new personnel or auditors that are hired—shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels" [1]. Unfortunately, auditing extremely wealthy individuals is complicated and expensive because you're pitting underpaid and overworked IRS employees against a wildly complicated tax system that is exploited to the max by the super-rich and their well-remunerated tax lawyers. [1] https://home.treasury.gov/news/press-releases/jy0918 https://home.treasury.gov/news/press-releases/jy0918
toomuchtodo 3y ago
https://www.cnn.com/2023/10/20/politics/irs-millionaire-tax-collection/index.html https://www.cnn.com/2023/10/20/politics/irs-millionaire-tax-... (“IRS has collected $160 million in back taxes by cracking down on millionaires”) https://www.irs.gov/newsroom/irs-announces-sweeping-effort-to-restore-fairness-to-tax-system-with-inflation-reduction-act-funding-new-compliance-efforts https://www.irs.gov/newsroom/irs-announces-sweeping-effort-t... (“IRS announces sweeping effort to restore fairness to tax system with Inflation Reduction Act funding; new compliance efforts focused on increasing scrutiny on high-income, partnerships, corporations and promoters abusing tax rules on the books”)

gaganyaan 3y ago

You do realize why the IRS and cops are different, yes?