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No lawyer, but I’m uncomfortable loading up the Washington payroll with folks charged with skirting the law to circumvent basic freedoms and multiplying the influence and control capabilities of the bureaucracy. (Makes one wonder what those 87,000 new IRS employees will focus on?)
Im sorry to see Stanford front and center in such efforts. There doesn’t seem to be a clear vision of their obligation, the benefits the university community obtains from unfettered dialog. I hope they go totally transparent on their work. The no comment crap further damages their position.
Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long -
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Makes one wonder what those 87,000 new IRS employees will focus on?
I don’t wonder. I think we all know what 87,000 IRS agents will be focused. Collectively turning the taxpayers upside down and shaking as much money out of them as they possibly can. The IRS estimates that there is a $600 bils. delta between their collections and what they estimate they should collect.
As to the new budget and new headcount, here’s what it’s really going for:
– $45 billion of the $80 billion appropriated is going to update systems.
– In the next five years, 50,000 IRS employees will retire and will need to be replaced.
– They only answered 11% of their calls in 2021, so that needs to be addressed.
– In fact, they still have 8 million unprocessed 2021 tax returns.
– There’s been an overall 17% reduction in IRS workforce since 2010 That needs to be addressed, and in that time, the percentage of returns that were audited went from 0.9% to 0.25%. That needs to be addressed.
– Yes, the number of audits will go up, but likely only for people making $400k or more annually; basically high net worth individuals, complex partnerships and large corporations.
– Supposedly, only 57.3% of the estimated new 86,852 agents will be assigned to enforcement.
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You are a trusting guy Mick. I recall Lois Lerner and the deliberate effort to undermine tax free status for right leaning groups. In today’s political environment, see DoJ, Stanford Internet agency’s complicity with th administration in limiting free speech rights, I doubt the focus of the increased budgetary authorization will be entirely benign.
Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long -
I agree that the tax systems need to be updated / upgraded. The potential revenue clawbacks, however, aren’t nearly as much as would justify the Inflation Reduction Act. Just like taxing unrealized gains (how would that have gone over the last few months), a 100% tax on billionaires, or other out there taxation measures wouldn’t fund the federal government for more than a few days. We’re not Italy, Greece, or Spain, who have massive underground economies and therefore small tax bases that could be expanded with better systems.
As for the internet observatories, the left has really gone all-in on the disinformation industry (after defending the right to free speech for a long time). It’s chilling. The “COVID misinformation” bill passed in California (championed by Dr. Richard Pan, who went after Dr. Jay Bhattacharya on Twitter… which will become Exhibit 1 of the lawsuit), and is likely unconstitutional. We’re living in dangerous times, when confirmation bias is weaponized to censor.
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