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The IRS has said it won't increase audits on households earning less than $400,000 annually.
Going after rich tax cheats is one of those bipartisan policies that only Republican politicians and their rich donors oppose. Fund the IRS and make these rich assholes pay their fair shares!
Fund the IRS
You can't fund the IRS. The IRS is a government agency. And those are awful. Watch, I'll prove it:
starves agency of funds for years
See? They suck. They can barely function. Time to make more cuts in the name of fiscal responsibility!
see also: EPA, USPS, ED, HHS, DOT, DOL, FCC, FTC, etc.
:(
Insert required Fuck Intuit/TurboTax/CreditKarma here, who spends billions to make the tax system stays as complicated as it is.
The IRS already knows how much everyone should be paying, so just give us a single bill already.
That's how most other countries do it. They give you an estimate, you reply with your deductions or you accept it and do nothing. Easier and cheaper for everyone.
For everyone not reading the story. The majority of this is from rich people, large businesses, and partnerships. The IRS is indicating that they need to go after those people I just listed more. Why CBS decided to write the headline in a manner that makes it sound like they are coming after everyone, is likely because they knew it would generate more "emotions" about those connotations.
The agency has said it wants to go after higher earners who skirt their tax obligations in order to help close the tax gap and raise more money for federal coffers
But the story indicates that the IRS feels like they need to go after rich people even more based on their recently released data. At no point in the story did the IRS indicate that they needed to take the average household and put the clamps on them. Thank you for your time.
In this context, I would love to see more audits!
Great, let's start with the big fish and work our way down to the guy who didn't claim his $1000 hardship withdrawal from his 401(k).
Start the audits with everyone who took PPP loans.
Americans
Come on gang, this one's on all of us. Now we all gotta dig deep and really pitch in to close that gap that we all definitely contributed to equally. Tell your friends, tell your family, tell your neighbors: this year, America's gonna do better.