A 2021 report from the Congressional Budget Office indicated that the $80 billion in added IRS funding over 10 years would yield approximately $200 billion in added tax revenue without raising taxes. The Biden administration this week said $140 billion would be added to the debt over a decade due to the cuts, per the Washington Post.
Anyone who says republicans are good at the budget and national debt should be laughed out of the room.
They are the worst of people and I pray that saint luigi will visit them.
It’s a classic CEO move though: cut the workforce and expect the numbers to go up.
That’s not why they did it though.
The extra funds that were recently given to the IRS that had Republicans screaming they’re coming for you Johnny America! were ment to give the IRS the means to actually go after the wealthy who have methods of evading taxes so complex that typically the IRS can’t afford to spend the time chasing so they just focus on us poors.
Republicans obviously cant have the ownership class actually pay taxes like the rest of us or they wouldn’t be Republicans.
No points for guessing who benefits most from a reduced IRS budget …
Well I know of at least one illegal immigrant who’s getting billions in government subsidies.
Out of utter curiosity, how does someone who has overstayed their visa become a citizen? I thought overstaying a visa automatically throws up red flags
So you are not saying it isn’t illegal immigrants on welfare?
Well I think we can all agree that illegal immigrants on welfare are at fault here. Close the boarders and end H1B visas, case closed and America is great again.
The dumb part is … the US has to somehow finance a big giant monster of a military … if billionaires and millionaires stop paying taxes where the hell will the money come from? Taxing the poor and middle class more won’t even pay for all their expenses.
The wealthy want it all and think they can get poor people who have no money to pick up the slack.
I’m no economist but it’s pretty plain to see that none of this makes sense.
That’s generally how the big powers from the past died: they get hollowed out from the inside by the elite our of greed. Then there is one or more external shock (pandemics, climate, war, disasters, resource depletion or agriculture problems are a few classics) that it can’t handle anymore and things collapse. It looks things are following that well-worn path. China is even counting on this and aims to be the next big power.
Yup, when you slowly hollow out the pyramid until there’s nothing supporting the top, the pyramid collapses
Cutting money to the only government agency that can actually turn a decent profit, in order to save money. How very republican.
USPS turns might turn a profit now that the ridiculous rules that republicans put in to try to bankrupt it have been revoked.
https://apwu.org/postal-service-reform-act-2022
There is proof that we fixed it.
Here is an analysis done in 2019 that says that stupid requirement was the only reason the USPS hadn’t been profitable since 2006 when the republicans originally passed the crap.
https://ips-dc.org/how-congress-manufactured-a-postal-crisis-and-how-to-fix-it/
I’m unable to find profits, but they generated $77 billion in revenue for 2023
Hmm, I wonder if we could make a public business for auditing, and work with the IRS. Full transparency and stuff maybe. I don’t know how much work this is, but apparently there’s a bucket of money to be made for getting it back, just make it a percent amount of recovered funds?
Open to thoughts, or if this already exists - let me know.
To avoid the debt getting too large, let’s stop funding the agency that brings in the most income.
It’s because the rich are being taxed. They have to do something about it
It’s because the rich are being
taxedaudited. They have to do something about it
Anyone who makes $100,000 (gross) in wages, or less should not have to pay Federal taxes. Wealthy corporations, citizens, and all churches should be paying their fair share of all taxes.
Churches should get tax deduction for money spent on real charity, however they should pay taxes on money received and spent on everything else - looking at those mansion homes, expensive cars and private jets.
Churches should get tax deduction for money spent on real charity
As long as this shit is actually audited, because they 1000% will cheat on this.
It would be interesting to see what happened if we banned tax deductions for all charities.
We donate ~560 billion dollars annually.
Note we believe it only would take about 20-30 billion to house every homeless person in America.
So how is that 5% of our donations can solve homelessness… Yet we pay 20x that and people are still homeless?
Corruption you say… All the way up
The vast majority don’t. The bottom half don’t pay any federal taxes, and in fact get more back in their refund than they paid in. The rest barely pay at all. 90% of federal income comes from the top few percent.
Local income taxes, sales taxes, lack of wage increases, rent increasing, are all the bigger issues that screw the lower class.
In 1953 the top margin tax rate was 92% for income over $400,000. That’s about $4,000,000 today adjusting for inflation. In 1953 we had a strong middle class. Today we do not. Maybe stop spouting Republican lies that have led us to the highest wealth inequality in US history.
Where do you live? In the U.S. federal taxes hit everyone. People get tax returns because they paid to much in taxes up front.
“The bottom” half of Americans all pay federal taxes. The percentage they pay is exactly the same as what those in the top 1% pay in their tax brackets. If someone makes 1 million dollars a year, the first 24,000 they made is taxed exactly the same way that someone who only made 24,000 that year.
That amount would be $2,648 dollars.
Hilarious to read - get more back in their refund than they paid in. Please tell me how that works exactly. I would love to use my tax filing as an income source. Fcking idiotic!
