The only certainties are death and taxes, but I’m still waiting on both to catch up with me.
Fyi, if the IRS thinks you are dead, they stop coming after the taxes. I’m not totally clear on the legalities of it, though.
Poor people can’t afford lawyers to fight back.
Rich people can.
Ergot Ergo, they aim at poor people way more often.
Ergot, they aim at poor people way more often.
Or 99.9% of people are poor lol.
Besides, thank you Biden.
https://www.usatoday.com/story/money/2023/11/09/irs-uses-funding-to-audit-wealthy/71486513007/
Ah true, guess we better do nothing rather than search for billion dollar quarters in the trillionaire holding elite class.
It’s just a missing missile or two here and there
And in some cases they’ve found more. The miss numbers being thrown around are typically aggregate of all overage and underage combined. That way all errors are highlighted and the overages don’t net out some underages.
The other funny thing is how it’s fucking Russia. These audits are partially why old assets were depreciated even further. Which freed up more “spending” for Ukraine.
I’m even old enough to remember Republicans started this whole thing as a gotcha to Clinton. It was so they could prove with all the departments being audited that taxes could be cut. Then the only department that got a pass was DoD. Right when Bush came in. And they then kicked that can a few more times until Obama was President. Then it was suddenly a big deal to Republicans again for DoD to finally start doing audits.
So these are basically audits that are designed to fail for political points, or at least that’s how it started?
Mostly yes. The Newt Gingrich lead house Republicans wanted to do anything they could to make Clinton look bad. Somewhere around 97 these audits started across all federal offices. Point being to “prove” waste was happening and taxes for rich people could be cut. Dems went along with it because it’s not actually a bad idea. But right out of the gate the Republicans made sure DoD was given a pass.
I get the intent here, but it’s a really bad comparison. It’s certainly easy to get confused about without base level awareness of finance and accounting things.
The DoD is a government cost center. It doesn’t generate revenue. Therefore nothing to tax. Meaning nothing for the IRS to audit.
That’s why the federal government has other audit authorities and often contracts independent auditors to help. Those people are auditing department spending and assets related though. This type of audit is not to check if taxes are owed. It’s more like making sure the department bank account is correct to keep this simple.
I also want to add that many landlords were beginning to demand that their tenants pay with venmo, or other e-payment services, and those leeches need to pay their taxes.
I found this article on the audit. It’s also about boring but necessary things like stockpile management, automation, climate risk, and bookkeeping. It’s broken into 30 sub-audits. It sounds like all of these must be fully passed as “clean” for an audit to not be considered failing.
IRS ain’t going after the DoD. Not their job.
GAO is supposed to do that, and they regularly publish scathing reports about all sorts of DoD shit. Public, too
