Thank goodness! The eternally suffering oligarchs will finally get a break from all the riff raff harassment
this post was submitted on 05 Mar 2025
473 points (99.6% liked)
News
25665 readers
4627 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
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.
Fucken sick of this blatant manipulation by the wealthy. The IRS is our fucken money maker.
Let's rename it to "Accounts Receivable" and really run this country like a business.
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.
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.
but the payback from auditing the rich and finding cheats is way more than the few cents per poor.
It's high risk/high reward, vs low risk/low reward for lower income households. However I'm sure there are things like qoutas, etc. that push auditors to go after the easy wins.
Not to mention you loose some big cases against wealthy people cause they have a lot of money, and they come after your job or make the IRS look ineffective.
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,
But they're winning! And fucking over "the libs" at the same time!
I can only assume it's because rich people's audits are highly complex
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.
Retail Store CEO:
We will save money by firing all the cashiers!
That kind of seems like the opposite of efficiency
Almost like efficiency was never the point.
Makes it more efficient for the wealthy when finding ways to avoid paying tax.
Exactly the point.
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
This is what you voted for protest non voters! Congratulations!
Surprised Pikachu Face...
They should have cut all IRS investigations except the wealthy.
For every dollar spent on IRS audits for middle America, they get about a dollar back in recovered revenue. For every dollar spent on auditing wealthy Americans, they get about twelve dollars back in recovered revenue. I don't think these cuts are intended to help balance the budget.
The rest of us are mostly automated. Checking your return against a W2 and a couple of bank 1099s is easy.
Chasing down tax dodging through a web of pass through entities is not.
Fair point, but potential returns are massive, and if they were targeting likely evaders , they could compound the money spent on manual checks (a list of high ranking Republican members might be a good place to start)
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
The Helmsley Doctrine (“only the little people pay taxes”) is now law
Trickle up economics
I refiled my W4s to pay little to no taxes. I realize they're going to come after it later, but I just plan to play dumb and delay and deny for as long as I can (without facing jail time).
Maybe tell them you were using it to pay the new import taxes Trump implemented and that you thought it was the same thing.
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
And yet, Republicans have been steadily making gains with the working class. With this past election they are now the dominant party for working class voters. It comes down to two things. American voters are deeply ignorant and the Democratic party is pathetically weak and out of touch.
Less of a bank, and more like livestock. And you've seen how they treat other forms of livestock.
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
Capitalism is a trickle-up system, so yes, that is exactly what you are.
That's some good praxis
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!
Clearly, it was Hunter Biden's intern's emails about a tan suit.
"taxpayers"