The IRS is expected to fire upwards of 6,000 employees as early as today. This will mean fewer audits for rich tax dodgers. According to U.S. Treasury estimates, the top 1% underpay their taxes by $163 billion every year. - ThreadSky

moreperfectunion.bsky.social • 2 days ago

The IRS is expected to fire upwards of 6,000 employees as early as today.

This will mean fewer audits for rich tax dodgers.

According to U.S. Treasury estimates, the top 1% underpay their taxes by $163 billion every year.

Comments

oweniverson.bsky.social•2 days ago

I'm sure Musk, with all his crowing about MOST TRANSPARENCY EVAR, will elucidate how Trump managed to pay $750 in taxes one year.

I will be holding my breath!

douglasurner.bsky.social•1 day ago

Wonder if it will slow down their audits of ordinary taxpayers - we took advantage of the solar tax credit and are now being audited. Our installer says we are not alone, they are getting lots of requests for the documentation needed to defend their credits.

dodechedrononon.bsky.social•2 days ago

The GOP and billionaires have learned they can be wantonly corrupt in full daylight with no repercussions and so...
this.

At some point it's not on them it's on the people looking at it and shrugging... or voting for it.

peggyjo.bsky.social•2 days ago

So if the 1% paid their fair share the country would function so much smoother. Instead they watch the country struggle while they enjoy life with more money than anyone really needs.

teresalfenton.bsky.social•1 day ago

Terrible news.

moominpapa.bsky.social•2 days ago

But think of the savings!

deriter.bsky.social•2 days ago

You watch the 6,000 he fires will be specialists for large money tax investigators

jongrover.bsky.social•2 days ago

JFC. If we ever have elections again, we’re gonna have our work cut out for us.

womanwhorules.bsky.social•1 day ago

Oh for sure more than that.

tinapott.bsky.social•2 days ago

It also means slower processing of claims & refunds and longer wait times on phones to have questions answered.

samm1955.bsky.social•1 day ago

For every dollar spent auditing wealthy tax cheats, we get ten dollars back. Republicans "we can't have that."

a2mteach.bsky.social•1 day ago

🤬💙!

nightmaregop.bsky.social•2 days ago

It’ll also mean MUCH slower refunds…

bitchinpost.bsky.social•1 day ago

Who didn’t see this coming?!

And of course our ever so corrupt SCROTUS (sans Sotomayor, Kagan, and KBJ) will do ABSOLUTELY nothing.

Why would they?!

They’ve become multimillionaires taking bribes, vacations, swag, RVs, yachts, etc.

They want the ridiculous tax cuts too.

So ashamed of U.S.

waka.wiki•2 days ago

That 163 billion is about to skyrocket I'm afraid :/

gritsmcbarkin.bsky.social•1 day ago

It’s not tax evasion if they give it to you in a tax cut.

prestigeworldwide1.bsky.social•1 day ago

There was never $163 billion, that was a blog post from 2021.

Biden and folks went digging and found nothing close to that and just people who hadn’t filed in years.

https://www.cnbc.com/amp/2024/07/11/irs-says-its-collected-1-billion-in-past-due-taxes-from-millionaires.html

prestigeworldwide1.bsky.social•1 day ago

It was all known tax debt

deeann1.bsky.social•2 days ago

That's exactly what it means.

It also means to expect your tax refund much later than usual.

mediocrecoder.bsky.social•2 days ago

Going to do some digging, but aren’t they already under- audited? Aren’t most of those resources aimed at the poorsies?

douglasurner.bsky.social•1 day ago

Yes. The rich are expensive & time consuming to audit. The poor often lack the resources & expertise to defend themselves - much more productive to audit the poor & middle class.

mediocrecoder.bsky.social•1 day ago

Exactly

dqdoo1.bsky.social•1 day ago

Yup

mediocrecoder.bsky.social•2 days ago

Ok found something

https://www.kiplinger.com/taxes/who-does-the-irs-audit-most

dirtydancing2hn.bsky.social•2 days ago

Zooming out for why they do cheaper audits and why republicans cutting back on staff wouldn’t mean the poorest pay less, but that it will be easier for the wealthy to cheat

https://www.brookings.edu/articles/cutting-irs-funding-is-a-gift-to-americas-wealthiest-tax-evaders/

mediocrecoder.bsky.social•2 days ago

Oh no doubt - I’m not saying this is that much of a boon for the less $$ endowed.
Just that they’ve never really been about going after the wealthy anyway.

prestigeworldwide1.bsky.social•1 day ago

That estimate was from a 2021 blog post, Biden and team went digging and found nothing near that, their only big tout was past due taxes from non filers

https://www.cnbc.com/amp/2024/07/11/irs-says-its-collected-1-billion-in-past-due-taxes-from-millionaires.html

clotted-morass.bsky.social•1 day ago

Good! Fire more of them!

pcriel.bsky.social•2 days ago

Another source of tax revenue gone.

deriter.bsky.social•2 days ago

It was never there

cosmariner.bsky.social•1 day ago

Also means they can't audit the rest of us either, so why bother filing taxes?

thewokestgamer.bsky.social•1 day ago

A rich guy firing his own auditors. Nothing suspicious about that.

j-nice-withspice.bsky.social•1 day ago

The conservatives’ favorite rallying cry is “taxation is theft”. Make paying your fair share patriotic again.

dave-is-a-verb.bsky.social•2 days ago

They are also the government's primary actual line of defense against fraud. Apparently that's no longer a concern.

ericmichaelmoberg.bsky.social•2 days ago

#DOGE-Hoax

“Defense stocks drop after Trump says Pentagon spending should be halved”

“…Defense Department expects to redirect those funds to other programs…”

So:

NO PENTAGON CUTS

“Trump's net approval rating…down 13 points.”

https://www.forbes.com/sites/conormurray/2025/02/19/here-are-the-biggest-doge-hoaxes-and-inaccuracies-as-8-million-canceled-ice-contract-listed-at-8-billion/

petestphil.bsky.social•2 days ago

Whiskey Pete will rejoice.

geekgrammy.com•1 day ago

Oh great, now when you have to call the IRS it'll take three hours to get through rather than one.

They need MORE staff, not less.

seminarstar.bsky.social•2 days ago

Hey @democrats.org I'll give you some for free: "This tax season, Trump is letting Musk put your tax returns at risk firing tax processors." Or "Trump Trashes Tax Returns." Or "Is Musk stealing your tax returns to build another shitty rocket?" Or "Musk dodges taxes by firing the IRS."

brundelfly.bsky.social•2 days ago

Didnt this administration HIRE most of those people 5 years ago?
Schizophrenia is a serious issue.

typothegamer.bsky.social•1 day ago

Who's going in on pitch forks with me? Does costco sell em in bulk?

ms-lj.bsky.social•2 days ago

Because the Mafia is gonna Mafia. It’s always been about how the rich can grift in America and blame the working people.

kyrong1.bsky.social•2 days ago

This also means fewer audits for those who know how to play the game.

Such a foolish move.

kenofseattle.bsky.social•1 day ago

Well, the Trump Family is a criminal enterprise. Nobody should be surprised by any of this.

babsyrn.bsky.social•1 day ago

Of course they were on Trump’s radar. After all, Trump got caught for tax fraud.

steeleleets.bsky.social•2 days ago

https://indivisible.org/indivisible-trainings

universalhope.bsky.social•1 day ago

And the 165 billion underpaid is at these low Ridiculously Low Favorable Rates.

dray27.bsky.social•2 days ago

How many IRS agents did Biden hire? This should be the tip of the iceberg.

geekgrammy.com•1 day ago

Most of those people were staff answering phones.

There's a reason you wait on hold for an hour or more when calling the IRS - they're seriously understaffed as it is. This is just going to make it worse.

cawr57.bsky.social•1 day ago

Yup...that's why Biden hired more IRS agents to go after the wealthy who don't want to pay their taxes...but of course the GOP and tech-broligarchy doesn't agree with that!

OFF WITH THEIR HEADS!

mplsmndani.bsky.social•1 day ago

One day historians will marvel that we had all we needed to support a happy, healthy and secure future for all, but filthy rich people just grabbed it all away and it didn’t even make them happy.

sherribells.bsky.social•1 day ago

This!

savewhoyoucan.bsky.social•2 days ago

We Americans out there, arguing about who is to blame, what to do. Listen to him.

We now have two choices. Live free or kneel to your MAGA king like a slave.

Color? Gender? Race? Immigrant? Rural? Urban? Worker? Boss? Poor? Rich? Red? Blue? Your flag is one of these.

I know which one is mine.