4 ms·

I don't think that really adds up as you've not considered any other tax income, so I dont think you can say "US taxpayers lost $700M"

by remus 2y ago

ein0p 2y ago
The increase in funding was to “go after the rich”. I kind of was expecting a lot more ROI, by like an order of magnitude
- jerkstate 2y ago
  Didn't the IRS get $80 billion in new funding with the "inflation reduction act"? this seems like a huge L.
  - Wytwwww 2y ago
    > Didn't the IRS get $80 billion No, I think it was $5667 billion. Where do people come up with this nonsense? Did you even check what their annual budget was? Also the IRS budget was still lower in 2023 than it was back in 2009 (inflation adjusted) and has been declining continuously until ~2020.
    - jerkstate 2y ago
      https://crsreports.congress.gov/product/pdf/IN/IN11977 https://crsreports.congress.gov/product/pdf/IN/IN11977
      - Wytwwww 2y ago
        Are you using a time machine to post your comments from 2031? Because they are only supposed to get that much over the following 10 years. And they already lost 25% of that:https://www.grantthornton.com/insights/newsletters/tax/2024/hot-topics/mar-26/irs-loses-billion-in-funding https://www.grantthornton.com/insights/newsletters/tax/2024/... Their total budget in 2023 was $16 billion and it's generally not increased (or it's even cut) yearly. So it's not keeping up with inflation and GDP growth without additional funding like the "Inflation Reduction"(since everyone knows that you can reduce inflation by spending even more money..) Act.
        ein0p 2y ago
        Show us where it’s “cut” please: https://www.irs.gov/statistics/irs-budget-and-workforce https://www.irs.gov/statistics/irs-budget-and-workforce
        Wytwwww 2y ago
        > Show us where it’s “cut” please The chart on the right. Year is the bottom axis and the vertical axis shows the budget. When the curve goes down it means that the budget has decreased from a higher amount to a lower one (before you say it.. I never claimed it happened every year). I would also suggest you that you look up figures from before 2014 because that's when most of the cuts happened.
        ein0p 2y ago
        Yes, but in the last 3 years that curve has been going only up. If you spend 2B more to collect 1.3B, you’ve wasted 700M
        Wytwwww 2y ago
        Presumably they did other things besides what's described in the article?
- Wytwwww 2y ago
  > I kind of was expecting a lot more ROI, by like an order of magnitude Have you looked at any other data besides this article? I haven't which is why I'm not jumping to wild conclusions. Also their budget has been declining continuously since ~2010. It think it might recover it's (inflation adjusted) 2009 level this year. OTH it's significantly more effective at collecting taxes than it was back in the 90s or 00s (cost per $ collected is 20-30% lower than it used to be) so extra funding might not necessarily make a huge difference. Then again regardless it's not like the government can done anything better with the extra money.
  - ein0p 2y ago
    Yes: https://www.irs.gov/statistics/irs-budget-and-workforce https://www.irs.gov/statistics/irs-budget-and-workforce
    - Wytwwww 2y ago
      Yes? And your point is? Also: https://www.taxpolicycenter.org/sites/default/files/wp-content/uploads/IRS-Budget-3_4.gif https://www.taxpolicycenter.org/sites/default/files/wp-conte...

I don't think that really adds up as you've not considered any other tax income, so I dont think you can say "US taxpayers lost $700M"

by remus 2y ago

I don't think that really adds up as you've not considered any other tax income, so I dont think you can say "US taxpayers lost $700M"

ein0p 2y ago

The increase in funding was to “go after the rich”. I kind of was expecting a lot more ROI, by like an order of magnitude

jerkstate 2y ago
Didn't the IRS get $80 billion in new funding with the "inflation reduction act"? this seems like a huge L.
- Wytwwww 2y ago
  > Didn't the IRS get $80 billion No, I think it was $5667 billion. Where do people come up with this nonsense? Did you even check what their annual budget was? Also the IRS budget was still lower in 2023 than it was back in 2009 (inflation adjusted) and has been declining continuously until ~2020.
  - jerkstate 2y ago
    https://crsreports.congress.gov/product/pdf/IN/IN11977 https://crsreports.congress.gov/product/pdf/IN/IN11977
    - Wytwwww 2y ago
      Are you using a time machine to post your comments from 2031? Because they are only supposed to get that much over the following 10 years. And they already lost 25% of that:https://www.grantthornton.com/insights/newsletters/tax/2024/hot-topics/mar-26/irs-loses-billion-in-funding https://www.grantthornton.com/insights/newsletters/tax/2024/... Their total budget in 2023 was $16 billion and it's generally not increased (or it's even cut) yearly. So it's not keeping up with inflation and GDP growth without additional funding like the "Inflation Reduction"(since everyone knows that you can reduce inflation by spending even more money..) Act.
      - ein0p 2y ago
        Show us where it’s “cut” please: https://www.irs.gov/statistics/irs-budget-and-workforce https://www.irs.gov/statistics/irs-budget-and-workforce
        Wytwwww 2y ago
        > Show us where it’s “cut” please The chart on the right. Year is the bottom axis and the vertical axis shows the budget. When the curve goes down it means that the budget has decreased from a higher amount to a lower one (before you say it.. I never claimed it happened every year). I would also suggest you that you look up figures from before 2014 because that's when most of the cuts happened.
        ein0p 2y ago
        Yes, but in the last 3 years that curve has been going only up. If you spend 2B more to collect 1.3B, you’ve wasted 700M
        Wytwwww 2y ago
        Presumably they did other things besides what's described in the article?
Wytwwww 2y ago
> I kind of was expecting a lot more ROI, by like an order of magnitude Have you looked at any other data besides this article? I haven't which is why I'm not jumping to wild conclusions. Also their budget has been declining continuously since ~2010. It think it might recover it's (inflation adjusted) 2009 level this year. OTH it's significantly more effective at collecting taxes than it was back in the 90s or 00s (cost per $ collected is 20-30% lower than it used to be) so extra funding might not necessarily make a huge difference. Then again regardless it's not like the government can done anything better with the extra money.
- ein0p 2y ago
  Yes: https://www.irs.gov/statistics/irs-budget-and-workforce https://www.irs.gov/statistics/irs-budget-and-workforce
  - Wytwwww 2y ago
    Yes? And your point is? Also: https://www.taxpolicycenter.org/sites/default/files/wp-content/uploads/IRS-Budget-3_4.gif https://www.taxpolicycenter.org/sites/default/files/wp-conte...