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AIUI, the amounts spent on lobbying are large of you compare them to what ordinary people spend on rent, but piddly if you compare them to what a government col
by Arnt 1y ago
AIUI, the amounts spent on lobbying are large of you compare them to what ordinary people spend on rent, but piddly if you compare them to what a government collects from even minor taxes.
- croon 1y agoMeaning they have a lot of taxable assets, under current tax code. Otherwise they wouldn't care. There are estimates that every dollar spent on the IRS yields 6 dollars in collected taxes [1][2], without passing any changes. The only reason to lobby against the IRS is to avoid paying the taxes you already owe. [1] https://www.washingtonpost.com/opinions/want-to-shrink-deficits-or-fund-bidens-spending-plans-give-the-irs-more-money/2021/03/25/2959bcd8-8d90-11eb-9423-04079921c915_story.html https://www.washingtonpost.com/opinions/want-to-shrink-defic... [2] https://tracreports.org/tracirs/newfindings/v18/ https://tracreports.org/tracirs/newfindings/v18/