The IRS about to go 'beast mode'?

American Thinker ^ | 4 Aug, 2022 | Monica Showalter

[MtnClimber]

“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” -Vladimir Ilich Lenin.

Just how bad is the Biden administration and Democrat Congress's grossly misnamed "Inflation Reduction Act" of 2022?

The Wall Street Journal has a shocking lead editorial titled "The IRS is About to Go Beast Mode" about the particulars of its $80 billion expansion of the IRS, which is six times the size of the tax agency's current $12.6 billion budget:

The $80 billion is more than six times the current annual IRS budget of $12.6 billion. The money will be ladled out over nine years and comes with few strings attached. The main Democratic command is for the tax agency to bring the hammer down on taxpayers.

The bill earmarks $45.6 billion for “enforcement,” including “litigation,” “criminal investigations,” “investigative technology,” “digital asset monitoring” and a new fleet of tax-collector cars. The result will be far more audits, civil suits and criminal referrals.

The main targets will by necessity be the middle- and upper-middle class because that’s where the money is. The Joint Committee on Taxation, Congress’s official tax scorekeeper, says that from 78% to 90% of the money raised from under-reported income would likely come from those making less than $200,000 a year. Only 4% to 9% would come from those making more than $500,000.

The IRS knows the super-wealthy employ lawyers and accountants who make litigation time-consuming and risky. It also knows that Democrats would howl if the agency pursues fraud in the earned-income tax credit program, despite what the IRS has estimated are $18 billion in improper payments each year.

[seowulf]

“tax collector car”

These should make nice bonfires

They'll be EVs, so a car fire won't even be suspicious.

[gattaca]

Thanks for posting those links

[mad_as_he$$]

Pretty sure you never been snagged by the alternative minimum tax.

https://en.wikipedia.org/wiki/Alternative_minimum_tax

Even though it’s been changed in recent years, it is an evil and regressive tax!