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  • IRS Plans To Raid Workers' Tip Jars

    02/12/2023 11:33:39 AM PST · by E. Pluribus Unum · 45 replies
    Reason ^ | 2.10.2023 11:30 AM | ERIC BOEHM
    A coming crackdown on $1.6 billion in unreported tips will continue the IRS' long and ugly history of targeting low-income Americans. When President Joe Biden signed the Inflation Reduction Act last year, the White House touted how the bill's $80 billion in new funding for the IRS would "make our tax code fairer by cracking down on millionaires, billionaires, and corporations that evade their obligations."It now appears that some of those resources—and some of the coming crackdown on tax evasion—will, quite predictably, be aimed at individuals earning considerably less.This week, the Treasury Department and IRS announced plans to overhaul existing...