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Didn't the IRS get $80 billion in new funding with the "inflation reduction act"? this seems like a huge L.
by 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 agohttps://crsreports.congress.gov/product/pdf/IN/IN11977 https://crsreports.congress.gov/product/pdf/IN/IN11977
- Wytwwww 2y agoAre 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 agoShow 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.