IRS Commissioner Admits Defeat - Due To Budget Squeeze IRS Now Poised To Lose $5 Billion Per Year

Forbes ^ | 03/26/2016 | Josh Ungerman

[Kid Shelleen]

Gone are the days of sophisticated tax plans offered by international accounting and law firms to their wealthiest clients which the IRS, with the benefit of hindsight, categorized as “tax shelters”. So why is Commissioner Koskinen raising the flag upside-down in a signal of distress in March of 2016? Tax practitioners all around the country know exactly why. Too many taxpayers and a handful of unscrupulous “tax practitioners” are taking advantage of the almost absolute absence of tax enforcement by the IRS.

Yes, “Joe the plumber” and other average taxpayers know that no-one is minding the store. What happens when the IRS is not there to rein in taxpayers? The answer is human nature. Will Rogers once said, “Income tax has made more liars out of the American people than golf.” (For more such tax widsom, see this collection at irs.gov)

[ColdOne]

Lose 5b=take our money from us with IRS fees it the translation for that one.

[MichaelCorleone]

Maybe their time and energy is best spent on legitimate activities rather than harassing Christians and Tea Party Americans.

[Da Coyote]

After Dorkbama the Muslim’s IRS felons were given a free pass by his idiot minion just-us slime, does anyone really care about the IRS...save to destroy it and its employees?

[Spok]

More ‘hope and change’ fallout. And if a Republican wins the White House, this will all instantly become his fault.

[elpadre]

the answer is to institute the flat tax or better yet - the fair tax.

[17th Miss Regt]

Heresy!

[JoSixChip]

the fair tax

And who decides what's fair? Careful what you wish for.

[reaganaut]

Flat tax IS fair tax

[Vince Ferrer]

How about a sales tax so that the IRS has no reason to target individuals?

[Vendome]

[xzins]

It’s shorthand for national sales tax only with repealed income tax

[JoSixChip]

It’s shorthand for national sales tax only with repealed income tax

I could get behind that. But it needs a different name, I have seen way to often what "fair" means to a liberal.

[xzins]

Yep. It goes by fair because the more you buy the more you pay.

But you’re right. Fair to a lib = free at the expense of others.

[Paladin2]

The fair tax is not fair to those who have saved after tax money that they now want to spend.

[SWAMP-C1PHER]

That was downright frightening. Pure fascism.

[austingirl]

How is the evil POS IRS commissioner still in office?

[MeneMeneTekelUpharsin]

If the IRS is losing 5 billion, there is fraud.

[MeneMeneTekelUpharsin]

I could see the Chinese gaining completely loyal subjects here by taking over and searching out every single IRS employee and ______ them (fill in the blank).

[MIA_eccl1212]

The Obama Commissars are all still in office because we the people have not dismissed them from office...