Posted on 05/25/2021 10:27:10 AM PDT by DFG
Today, United States Senator Elizabeth Warren (D-Mass.), a member of the Senate Finance Committee, introduced the Restoring the IRS Act of 2021, which would provide the Internal Revenue Service (IRS) with the resources it needs to go after wealthy tax cheats and close the tax gap. The bill would rebuild and strengthen the IRS by permanently removing the IRS's base budget from the annual appropriations process and providing $31.5 billion in mandatory annual funding. This funding will allow the IRS to fairly enforce the tax code, modernize its IT systems, and improve taxpayer services.
-snip-
The bill would also improve tax compliance by:
Requiring new third-party reporting from financial institutions to help the IRS verify tax filings for taxpayers with less visible income streams - without adding any burden on individuals Requiring the IRS to create a plan, and report annually on implementation progress, to shift audits towards high-income, high-wealth tax filers and corporations Requiring the IRS to report annually on the tax gap, and how additional information reporting requirements could further close the tax gap Requiring the IRS to conduct an analysis of racial disparities in the agency's enforcement activity Increasing penalties for underpayment for taxpayers with income above $2 million Applying the False Claims Act to misstatements on tax returns for taxpayers with income above $10 million
(Excerpt) Read more at warren.senate.gov ...
The shorter list would be who isn't a POS
Probably over 90% of tax cheats are Democrats.
Happy hunting, Liz.
We need more Republican voters.
Here is what this C**t and her critters are up to.
They want access to your banks accounts. So they can see what is being put in and what is being taken out and for what reason.
They will eventually move to a cashless society so they can control where you work, who you work for and what you do, how much you make and what they determine you should be allowed to spend on.
TOTAL CONTROL.
Whats this sound like?
She cheats at everything. That's how she got her Harvard job.
For years she practiced law in Massachusetts without being a member of the bar. The Board of Bar Overseers were too afraid of her to try to censure her.
Her and Clinton and Biden included?
Naturally democrat politicians are exempt...
“Congress’s Section 8-limited powers”
The power for the welfare state comes from Article IV, Section 3:
“The Congress shall have power to dispose of...the territory or other property belonging to the United States”
“So they can see what is being put in and what is being taken out and for what reason.”
Lot of gold jewelry “for the little lady” will get bought, and then exchanged for other things.
Does that also include the “Hey I wrote a book no one bought and made $50 million dollars” slush funds?
“The Accountable Capitalism Act, 115th Congress (2017–18) S. 3348 is a proposed federal bill introduced by Senator Elizabeth Warren in August 2018. It would require that employees elect 40% of a board of directors of any corporation with over $1 billion in tax receipts, and that 75% of shareholders and directors must approve any political spending. Corporations with revenue over $1 billion would be required to obtain a federal corporate charter. The Act contains a “constituency statute” that would give directors a duty of “creating a general public benefit” with regard to a corporation’s stakeholders, including shareholders, employees, and the environment, and the interests of the enterprise in the long-term.”
https://en.wikipedia.org/wiki/Accountable_Capitalism_Act
Sign me up as a supporter!
You mean guys like Trump, who move to a free state to avoid punitive taxes?
Wealthy swamp creatures are exempt.
Where is Ted Cruz with abolish the IRS?
Wealthy???
Expats like myself who currently enjoy up to a $108,700 tax credit (not that my income is close to that)
IRS also tightening FATCA enforcement as well.
[S]He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people, and eat out their substance.
For imposing Taxes on us without our Consent:
[S]He has excited domestic insurrections amongst us ...
...
Sound familiar?
That is true, but there is a far better solution.
Get away from them.
Secession.
(Make me King, and I will eliminate the FBI, the CIA and the IRS.)
Another rope please
Oh I agree. I was wondering who the absolute worst was, and if Warren isn't then she's a close second to whoever is. The problems is that there are so many who should be behind bars either of the jail type or reaching their career pinnacle as bartenders it's hard to make a choice.
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