Just want to reiterate that the IRS get their marching orders from the party in charge which is why they targeted rich people under Biden: The IRS has recovered $1.3 billion from rich American tax dodgers since the fall of 2023 — relieving a painful burden from ‘ordinary citizens’
FWIW the US federal budget for 2024 is going to be about $6.8 trillion dollars. So that $1.3 billion is about 0.019% of the total budget. I'd call that a slap on the wrist for the billionaire class except that you can actually feel a slap on the wrist.
That's entirely the wrong denominator for this comparison. IRS doesn't write the budget nor do they write tax law, they just collect.
Fine, revenues are $4.9 trillion. My point is that $1.9 billion is literally a drop in the bucket - hardly an example of the IRS "going after rich people".
Site supervisor waiting for both of them to deliver that wheelbarrow full of bricks:
The “rich parents” blocks are off screen.
Its technically tax avoidance, technically different from evasion as with avoidance you apply legal strategies to not pay as much taxes, whereas with tax evasion you use the illegal methods to not pay taxes.
Then you need to fund the IRS enough to go after these rich fucks
Thats the thing though, those rich fucks usually run the IRS or practically own the people who do
I mean when your rich what don't you run.. To destroy from within
not just tax evasion, there's the factor of wage theft and keeping over 99% of the profit to yourself too
That is actually the glue keeping everything together
Who the fuck is the rich chef lmfao?
Every chef I know looks like the dude on the left, but he hasn't had adderall since work insurance pays shit so instead he subsists on alcohol and cocaine with the rush of order and chaos working the kitchen.
Conclusion: succes comes from defying the laws of physics.
Other countries hate the IRS & FCC too. It is quite difficult to open a foreign bank or crypto exchange account… if not just outright blocked all Americans from even trying.
Ah yes, the evil government system that gets in the way of good people trying to run digital Ponzi schemes and collect ransomware payments.
Bad gubmint.
It kinda feels like this sometimes.
My single biggest expense each month is tax.
Last time I went to Costco, my the second most expensive thing on the receipt was tax.
Last time I went to Costco, my the second most expensive thing on the receipt was tax.
That just means you bought a whole bunch of cheap things.
Right panel could do better.
Tax evasion, loopholes, offshore accounts, tax breaks, are all terms that belong as “steps.” Also, stepping on the person holding the “work” steps up should be part of it. Successful people almost all earn money on other’s work at some level. That’s how wealth and employment work.
I don’t hate the IRS. They don’t write the tax code, and it’s not their fault that they’re underfunded. That’s all on Congress.
This might upset a few people, though: Your Taxes Pay for Nothing
Sort of... but saying that the government can issue as much new currency as they want is disingenuous and this is addressed later in the video, but it literally says that the tax money is "destroyed"... this is not really correct.
The value of a government currency like the dollar comes ultimately from confidence in the US economy. If the economy produces value, then the dollar represents a piece of that value. If the economy is unproductive (less value is produced) then tax revenue is lower, and less new money can be issued.
So to close the circle, your taxes do pay for something... the government's capacity to issue new money, which it then uses to pay for government services &etc. Saying that "your taxes pay for nothing" is kind of a pointless argument over semantics, because without the tax collection the government would not be able to pay for anything.
oddly enough,long as i keep myself out of jail and not homeless i am successful. this requires work. it is on you to decide to keep at it or not. just saying that your blanket doesnt keep me warm
If other peoples' tax evasion is your big concern then you hate the wrong people.
Are we?
GE made nearly 7 billion dollars in 2023. Do you know how much tax they paid? They didn't, they got a refund of over 400 million dollars.
Tell me again that tax evasion isn't a real problem.
i didn't say tax evasion isn't the real problem. i said that the meme is blaming the wrong people.
it's GE's (And politicians) fault that GE is evading taxes, not the IRS.