Summary
Mass firings at the IRS under the Trump administration threaten ongoing audits of wealthy individuals and corporations, potentially leading to millions in lost tax revenue.
The cuts primarily impacted employees in the Large Business & International Division, many of whom had extensive tax expertise.
With fewer agents and specialists, complex cases may be prematurely closed, undermining enforcement against high-end tax evasion.
Critics warn this weakens IRS oversight and emboldens tax avoidance among the ultrawealthy.
They should have cut all IRS investigations except the wealthy.
Why would they do exactly the opposite of their goal?
I may be behind, have they installed a Republican shill in directorship in the IRS as well as defunding them? If not, then they should still have agency in fund allocation
Retail Store CEO:
We will save money by firing all the cashiers!
Friendly reminder that Joe Biden increased resources to the IRS and they recouped billions from wealthy tax cheats.
But he was too old, so we went with an old rapist felon traitor instead.
I would say “why don’t they just focus on rich people and not audit the other 90% of Americans.” But we already know the answer to that one no matter who’s in charge.
Fucken sick of this blatant manipulation by the wealthy. The IRS is our fucken money maker.
we the poor are not a fucking bank for these lazy bastards that just keep taking all our shit for their own personal financial gain… And they’ll keep taking and taking if we keep letting them, and we’ve been over the limit for some time already It’s past due to push them off of us
Geez gosh golly!
I can’t believe stuff like this happening under a Trump presidency ! Is it actually possible Trump wants good things to happen to the wealthy and nobody else!
Not possible! I refuse to believe it!
Sue Trump and Elon for the illegal firing now before it is too late.
That’ll get you literally nowhere. Someone with deep pockets would be the only option to sue em, even then, they’ll just counter sue for defamation and drown you in legal fees
It doesn’t make sense to me because there are fewer ultra wealthy people in America than there are poor people.
so with staff getting cut in half, you’d think it would be better to focus on the smaller group.The rich have more assets and income sources and have staff who do a bunch of financial chicanery to try to hide their tax evasion. Auditing the rich requires significantly more work than the poor.
These decisions are not about doing what makes sense. The IRS is a revenue generator. Spending money on the IRS brings in significantly more money in unpaid taxes than it costs.
The goal is not to do what’s best for the government’s budget. Its really about ensuring that their criminal friends can continue to get away with it.
Smaller group with more to pay. It’s a no-brainer if you’re acting in good faith and not a complete moron. So obviously not what the current administration is going to do.
Auditing the less wealthy is already automated.
This is just the continued pushing of the tax burden onto the middle class. Which really got started good under Reagan. I think this is just the result of the uneducated GOP supporters winning this election. Now it is just a constant flood of them having no idea how government functions while ruining stuff for the rest of society,
Why wouldn’t they retaliate by specifically prioritizing the wealthy?
If they’re crunched on time wouldn’t they focus on the highest value accounts?
TLDR: They are prioritizing the wealthy. They simply can’t afford to audit them without staff and funds to do so. They only audit if doing so is profitable for the government.
They did. They have been targeting the wealthy for years. It has been all over the news.
Problem is, court cases are expensive, running audits are more expensive based on the scale of the assets involved.
The IRS always makes additional money back based on every dollar of funding given to them but Republicans always defund the IRS. Here is an article about it from the end of the last Trump Admin LINK HERE
Surprised Pikachu Face…
So much corruption under this convicted felon president.
Thank goodness. Those poor billionaires having to suffer with taxes and things like a pleb. Disrespectful. I bet no one has even publicly thanked them for being rich today.
Exactly the point.
This is what you voted for protest non voters! Congratulations!
