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.
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.
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.
They are going after the people who don’t have armies of lawyers to slow the process down…easy pickings
Fucken sick of this blatant manipulation by the wealthy. The IRS is our fucken money maker.
Let’s rename it to “Accounts Receivable” and really run this country like a business.
Why wouldn’t they retaliate by specifically prioritizing the wealthy?
If they’re crunched on time wouldn’t they focus on the highest value accounts?
TLDR: They are prioritizing the wealthy. They simply can’t afford to audit them without staff and funds to do so. They only audit if doing so is profitable for the government.
They did. They have been targeting the wealthy for years. It has been all over the news.
Problem is, court cases are expensive, running audits are more expensive based on the scale of the assets involved.
The IRS always makes additional money back based on every dollar of funding given to them but Republicans always defund the IRS. Here is an article about it from the end of the last Trump Admin LINK HERE
Thank goodness! The eternally suffering oligarchs will finally get a break from all the riff raff harassment
So much corruption under this convicted felon president.
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.
Exactly the point.
This is what you voted for protest non voters! Congratulations!
“taxpayers”
Gee, that almost sounds like it was intentional.
The only thing that’s incorrect about this article is that they talk about millions in lost revenue, when the effect will certainly be in the billion if not trillion dollar range.
Not even subtle about it any more.
They weren’t subtle to begin with.
They should have cut all IRS investigations except the wealthy.
For every dollar spent on IRS audits for middle America, they get about a dollar back in recovered revenue. For every dollar spent on auditing wealthy Americans, they get about twelve dollars back in recovered revenue. I don’t think these cuts are intended to help balance the budget.
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)
That kind of seems like the opposite of efficiency
Almost like efficiency was never the point.
Makes it more efficient for the wealthy when finding ways to avoid paying tax.
Retail Store CEO:
We will save money by firing all the cashiers!
