Tim Geithner Asks For A Bigger Treasury Budget

The Business Insider, Inc ^ | Jun. 9, 2009 | The Business Insider, Inc

[Son House]

A total of $332 million would be devoted to new Internal Revenue Service (IRS) enforcement efforts, including $128.1 million to add nearly

800 new IRS employees to combat offshore tax evasion and improve compliance with U.S. international tax laws by businesses and high-income individuals.

Another $130 million would go to bolster the security of the IRS information technology, improve the efficiency of its business systems and upgrade its fraud detection capabilities.

Although not directly under the jurisdiction of this Subcommittee, our Budget also includes funds to meet our international obligations to help us in mounting a global response to the crisis and in creating mutually reinforcing growth around the world.

The vast majority of the new funds that we request in this Budget are for improving the enforcement efforts and the information technology of the IRS.

As I have said, $332 million would go to new IRS enforcement efforts, including $128.1 million to improve international tax compliance.

The balance of these funds would be used to support three critical programs:

755 employees to increase examinations of tax returns for businesses and high-income individuals;

300 employees to expand the IRS document matching program, which compares tax returns to other forms such as W-2s and 1099s; and an additional

491 employees to improve collection operations and build two new IRS automated collection center sites.

[Son House]

See the full text of Geithner at link, don't cheat on your taxes, enforcement is being increased

[GeronL]

Geithner is the tax cheat

[dirtboy]

They need at least $100 million to vet Obama administration nominees.

[BGHater]

Geithner Said to Tell Bernanke Fed Gains Most in Rules Overhaul

[Principled]

How much is spent annually on compliance costs by taxpayers?

How much is the annual IRS budget?

How much is the some of the two items above - divided by 300 million?

[JoanneSD]

Exactly, these will be shovel ready jobs.. that zero is creating.. and your right he could start with his own cabinet.. they are probably evading taxes yet..

[Red Badger]

Perhaps he should ask for a smaller salary................

[Son House]

[ColoradoUSA]

Geithner. I’ll ante up a dollar for a length of rope. That’s all he’s worth.

[Man50D]

How much is spent annually on compliance costs by taxpayers?

How much is the annual IRS budget?

How much is the some of the two items above - divided by 300 million?

When will the growing grassroots movement finally force Congress critters to pass The Fair Tax Act(HR25/S296) by replacing federal income taxes with a national sales tax and abolish the IRS? It's not a question of if but when. Fair Tax ping!

[lilylangtree]

The tax cheat calling for more law enforcement for the IRS. This is an oxymoron at the very least. With all those new hires, obozo admin is trying to claim the ultimate prize in 2012 with another 4 years.

[cranked]

FIre the TurboTax flunky already, kkthx!?

[Roccus]

A quick run of the numbers in this article shows that Zer0 will be adding about 1800 jobs with this.

All Hail The One!!!

[Diogenesis]

"We don't care, because as Democrats and RINOs we never pay taxes, ourselves.

[rigelkentaurus]

I have enough rope coiled in my garage - don’t need to buy any brand new strands - happy to loan it out.

[callisto]

Although not directly under the jurisdiction of this Subcommittee, our Budget also includes funds to meet our international obligations to help us in mounting a global response to the crisis and in creating mutually reinforcing growth around the world.

Well, then WTF are you adding to your budget for? Oh, I forgot . . .world domination.

[RayChuang88]

Based on what you said, the cost to every person in the USA for the cost of just Federal compliance is US$1,200 per person (that's assuming US$350 billion per year compliance cost plus US$10 billion per year to run the IRS). And you wonder why I favor FairTax--we need to cut down on this cost DRASTICALLY and encourage more personal savings and capital investment in the USA, which FairTax does because of no more taxes on earning money.

[ColoradoUSA]

Thanks RKT — a dollar saved is a darn good thing!