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Meaning 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
by croon 1y ago
Meaning 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/