Posted on 04/06/2024 7:02:06 PM PDT by SeekAndFind
"Never trust a man who lays his hand on his heart when he assures you of anything," goes the old axiom. That's why I never trust a Democrat who makes any promise ever about a federal agency or program.
Take Medicare. In 1966 when Medicare began, it cost $3 billion. The House Ways and Means Committee estimated that Medicare would cost about $12 billion by 1990. Instead, it cost $107 billion and today costs the government close to a trillion dollars.
So when Joe Biden and the Democrats assured Americans and Republicans in Congress that the $80 billion the president wanted to augment the IRS tax-collecting ability was only going to target "the rich," everyone with two brain cells working knew it was a lie.
It will surprise no one that an audit by the Treasury Inspector General For Tax Administration found that "President Biden's plan to hire a new army of tax collectors is falling flat, and the agents already at work are targeting the middle class."
"As of last summer, 63% of new audits targeted taxpayers with income of less than $200,000," reports the Wall Street Journal. "Only a small overall share reached the very highest earners, while 80% of audits covered filers earning less than $1 million."
Bank robber Willie Sutton supposedly responded to the question of why he robs banks by saying with a shrug, "That's where the money is." So, too, the IRS audits well-off but not "rich" taxpayers because they can't afford the army of tax attorneys that the super-rich can bring to the table.
(Excerpt) Read more at pjmedia.com ...
She must also be a hard core democrat to even say something that unbelievably ridiculous.
The one thing that the GOP and Democrats agree on is that government must increase.
Exactly, the big growth of the IRS with thousands of new agents and 20,000 new government employees in the ridiculous Climate Corps are the latest examples. Very sad.
If they ever audit me I’m showing up to the audit meeting with a Glock. Admin/Moderator I’m not condoning violence, I’m just stating a fact.
Give them time. They are still working up to that.
Maybe we can turn it around on them. Real Americans are not going to give up their guns like the Germans/Jews did.
The republican congress keeps funding them and the FBI. Somebody tell me why I should vote for anybody but Trump? I guess if I lived in Kentucky I’d vote for Rand. Congress creeps are the filthiest, lowest scumbags on earth.
Thank you I did not remember the activation date for the change though it was now and will remember the 500 dollars.
Correction: next year it goes to that $600 (not $500).
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The republican congress keeps funding them and the FBI. Somebody tell me why I should vote for anybody
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Something, something, “better than a (D)”...or something
The (R)N(C) isn’t known as The Stupid Party for NO reason no
I am an attorney, but in the early part of my career, I was also a CPA doing taxes. Around 1990, I worked for a small tax law firm in New York City. We got a tremendous number of notices from New York City for our clients to pay small amounts of money, nobody over $250, with the majority under $100, that we knew were completely unjustified. However, we told our clients that from a practical point of view, even though they would prevail, they would spend more money in fees with us than it would be to simply pay the phony tax and penalties. This was extortion, nothing less. We did have one or two clients who decided to fight New York City on principal, and they won their cases despite losing over $1000 each in fees (and note that these clients each had annual incomes of over $400,000, nearly 35 years ago - IOW, rich people who could afford to fight on principle’s). I honestly think there should’ve been a class action suit against New York City for what they did, but none ever materialized. I wonder how many millions of additional revenue the city stole from its residents.
The simple fact is that even though it’s the government, they still do operate somewhat according to business principles. They are not going to put resources where they don’t produce revenue. Thus, they will not go after very poor people, because there’s no money there. As the article mentioned, they won’t go after the very wealthy, because they will spend far more of their own resources (labor) than they will get in anticipated extra tax revenues. The big money has always been with the middle class, and that won’t change unless the Communists succeeded in completely destroying the middle class. But they haven’t done so yet, so that’s where the IRS is going to concentrate its resources. This is not a surprise , it is not unexpected, it is par for the course.
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