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Tim Geithner Asks For A Bigger Treasury Budget
The Business Insider, Inc ^
| Jun. 9, 2009
| The Business Insider, Inc
Posted on 06/12/2009 12:05:44 PM PDT by 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.
(Excerpt) Read more at businessinsider.com ...
TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: bigger; budget; geithner; treasury
See the full text of Geithner at link, don't cheat on your taxes, enforcement is being increased
1
posted on
06/12/2009 12:05:44 PM PDT
by
Son House
To: Son House
Geithner is the tax cheat
2
posted on
06/12/2009 12:06:50 PM PDT
by
GeronL
(http://libertyfic.proboards.com <----go there now,----> tyrannysentinel.blogspot.com)
To: Son House
They need at least $100 million to vet Obama administration nominees.
3
posted on
06/12/2009 12:07:50 PM PDT
by
dirtboy
To: Son House
4
posted on
06/12/2009 12:09:05 PM PDT
by
BGHater
(Insanity is voting for Republicans and expecting Conservatism.)
To: 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?
5
posted on
06/12/2009 12:09:13 PM PDT
by
Principled
(Get the capital back! NRST!)
To: dirtboy
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..
6
posted on
06/12/2009 12:09:27 PM PDT
by
JoanneSD
To: Son House
Perhaps he should ask for a smaller salary................
7
posted on
06/12/2009 12:14:01 PM PDT
by
Red Badger
(Inquiring minds want to know, but American Idol minds could care less...)
To: GeronL
8
posted on
06/12/2009 12:15:35 PM PDT
by
Son House
(Øbama "What Would J.C. Do?" > J.C. = Jimmy Carter)
To: Son House
Geithner. I’ll ante up a dollar for a length of rope. That’s all he’s worth.
9
posted on
06/12/2009 12:18:32 PM PDT
by
ColoradoUSA
(Obama Kills Business)
To: Principled; Taxman; EternalVigilance; phil_will1; kevkrom; Bigun; PeteB570; FBD; Voter#537; ...
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!
10
posted on
06/12/2009 12:22:01 PM PDT
by
Man50D
(Fair Tax, you earn it, you keep it!)
To: Son House
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.
11
posted on
06/12/2009 12:23:09 PM PDT
by
lilylangtree
(Veni, Vidi, Vici)
To: Son House
FIre the TurboTax flunky already, kkthx!?
12
posted on
06/12/2009 12:24:29 PM PDT
by
cranked
To: Son House
A quick run of the numbers in this article shows that Zer0 will be adding about 1800 jobs with this.
All Hail The One!!!
13
posted on
06/12/2009 12:28:29 PM PDT
by
Roccus
(The Capitol, the White House, the Court House...........America's Axis of Evil)
To: Son House
"We don't care, because as Democrats and RINOs we never pay taxes, ourselves.
14
posted on
06/12/2009 1:33:25 PM PDT
by
Diogenesis
(Igitur qui desiderat pacem, praeparet bellum)
To: ColoradoUSA
I have enough rope coiled in my garage - don’t need to buy any brand new strands - happy to loan it out.
To: Son House
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.
16
posted on
06/12/2009 2:43:32 PM PDT
by
callisto
(It's the three T's: Too Many Taxes, Trillions in Debt, and Transparency)
To: Man50D
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.
17
posted on
06/13/2009 8:49:53 AM PDT
by
RayChuang88
(FairTax: America's economic cure)
To: rigelkentaurus
Thanks RKT — a dollar saved is a darn good thing!
18
posted on
06/15/2009 10:17:58 AM PDT
by
ColoradoUSA
(Obama Kills Business)
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