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IRS braces for $500bn drop in revenue as taxpayers skip filings in wake of DOGE cuts (www.independent.co.uk)

submitted 1 week ago by [email protected] to c/[email protected]

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Summary

The IRS anticipates a $500 billion revenue loss as taxpayers increasingly skip filings following cuts from Elon Musk under Trump.

The IRS, set to downsize by 20% by May 15, has seen increased online chatter about avoiding taxes, with individuals betting auditors won’t scrutinize accounts.

Experts warned that workforce reductions could cripple the agency's efficiency.

Treasury officials predict a 10% drop in tax receipts compared to 2024.

Former IRS commissioners have criticized the cuts, warning of dysfunction and reduced collection capacity.

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[–] [email protected] 2 points 1 week ago* (last edited 1 week ago) (1 children)

Are you malfunctioning?

I shit on the current administrations policies and actions with the second line... and in my first line i'm literally saying it's not nearly as important as EVERYTHING FUCKING ELSE.

jesus christ. My wife has a fucking greencard you asshole. I'm worrying about hundreds of thousands of people being sent ??? and probably dying.

I don't give a shit that eggs are double the price because of a disease that we probably can't stop in the near term. We can absolutely save tens of thousands of lives from going back to haiti and getting murdered by the gangs that control port au prince. We can absolutely save tens of thousands of venezuelans that risked their lives to make it to the US in hopes that they could work hard and not get murdered for opposing maduro.

I just can't even with you people.

[–] [email protected] 1 points 1 week ago (1 children)

jesus christ. My wife has a fucking greencard you asshole.

What does this have to do with the price of eggs?

I don’t give a shit that eggs are double the price

Egg prices are almost back to normal

Bro what?

[–] [email protected] 2 points 1 week ago

just look at his username.