Summary
Mass firings at the IRS under the Trump administration threaten ongoing audits of wealthy individuals and corporations, potentially leading to millions in lost tax revenue.
The cuts primarily impacted employees in the Large Business & International Division, many of whom had extensive tax expertise.
With fewer agents and specialists, complex cases may be prematurely closed, undermining enforcement against high-end tax evasion.
Critics warn this weakens IRS oversight and emboldens tax avoidance among the ultrawealthy.
They should have cut all IRS investigations except the wealthy.
Why would they do exactly the opposite of their goal?
I may be behind, have they installed a Republican shill in directorship in the IRS as well as defunding them? If not, then they should still have agency in fund allocation
Ah…balls.
The rest of us are mostly automated. Checking your return against a W2 and a couple of bank 1099s is easy.
Chasing down tax dodging through a web of pass through entities is not.
Fair point, but potential returns are massive, and if they were targeting likely evaders , they could compound the money spent on manual checks (a list of high ranking Republican members might be a good place to start)
Friendly reminder that Joe Biden increased resources to the IRS and they recouped billions from wealthy tax cheats.
But he was too old, so we went with an old rapist felon traitor instead.
Retail Store CEO:
We will save money by firing all the cashiers!
I would say “why don’t they just focus on rich people and not audit the other 90% of Americans.” But we already know the answer to that one no matter who’s in charge.
Fucken sick of this blatant manipulation by the wealthy. The IRS is our fucken money maker.
we the poor are not a fucking bank for these lazy bastards that just keep taking all our shit for their own personal financial gain… And they’ll keep taking and taking if we keep letting them, and we’ve been over the limit for some time already It’s past due to push them off of us
Turns out they only have enough to audit the poor and middle class.
Actually, they have so few staff on hand that it isn’t economic to audit the poor. You can expect them to never audit you unlesd they think they can make 20-30k out of it.
Correction: to harass people that oppose the system with fraudulent tax audits.
Easy pickings. The average middle class folk pay up what ever the gov says they owe, when they receive a stern letter while the rich lawyer up at the drop of a hat. Also, if a neighbor gets in trouble, the whole neighborhood gets scared and obeys. If a few irate taxpayer pulled a Luigi, things might change.
It doesn’t make sense to me because there are fewer ultra wealthy people in America than there are poor people.
so with staff getting cut in half, you’d think it would be better to focus on the smaller group.Smaller group with more to pay. It’s a no-brainer if you’re acting in good faith and not a complete moron. So obviously not what the current administration is going to do.
This is just the continued pushing of the tax burden onto the middle class. Which really got started good under Reagan. I think this is just the result of the uneducated GOP supporters winning this election. Now it is just a constant flood of them having no idea how government functions while ruining stuff for the rest of society,
But they’re winning! And fucking over “the libs” at the same time!
And low info,.plus bigotry too.
I can only assume it’s because rich people’s audits are highly complex
Sue Trump and Elon for the illegal firing now before it is too late.
That’ll get you literally nowhere. Someone with deep pockets would be the only option to sue em, even then, they’ll just counter sue for defamation and drown you in legal fees
So much corruption under this convicted felon president.
Surprised Pikachu Face…
Thank goodness. Those poor billionaires having to suffer with taxes and things like a pleb. Disrespectful. I bet no one has even publicly thanked them for being rich today.
This is what you voted for protest non voters! Congratulations!
Exactly the point.
“taxpayers”
