I am guessing that this is how the majority of audits turn out. How much did that collection of $130 cost us taxpayers I wonder? 
So we’re going to do more of that?
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Most Americans would agree with everyone paying their fair share, unless of course you’re someone who is cheating. I think that many will also agree that something need to be done about the IRS. I filed my return in March and it’s August and I still haven’t received my refund. If this expenditure and hiring means that they’ll be cracking down on the millions of tax cheats it sounds good to me. The current tax system is broken and unfair. Hourly employees like myself pay taxes on every penny we earn. Every small business contractor I know pays at least some of their employees in cash and Uncle Sam doesn’t see a dime. Fat cat rich guys have high priced accounts and lawyers who work the loopholes so they don’t pay their fair share either.
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I found this interesting. Yet another bureaucracy with police powers. From the article.
“A division of the IRS called criminal investigation serves as the agency’s law enforcement branch”. These are the guys/gals with guns.
Then there is this double speak. So which is it?
THE FACTS: Nothing in the bill raises taxes on people earning less than $400,000, contrary to Laxalt’s claims. There are no individual tax rate increases for anyone in the bill, experts say.
It’s possible, though, that the bill’s new corporate taxes, including a minimum 15% tax for large corporations, could cause indirect economic impacts. A report from the Joint Committee on Taxation said some people who make less than $400,000 might see such impacts.
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Double speak is what what ALL politicians do best. Prove me wrong… 
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True, but a politician did not write the article. A “journalist” did.
Maybe he should plead the 5th. It’s a going thing these days from what I’ve read. 
That is because the Corporation must collect that tax from someone in order to pass it on to government. More often than not, it is collected from workers, in the form of lower wages, and from consumers, in the form of higher prices.
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Great plan for a recession. Let’s go Biden.
I would feel better about all these changes aimed at increasing tax revenue if spending was going to be kept static or increased only at the pace of inflation, and all the excess tax collected was going to pay off the national debt. But we will continue to increase the debt and also find new ways to piss away the increased tax revenue.
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Stop making sense Ryan. Certain folks don’t won’t hear it, Fingers in ears screaming “LaLaLaLaLa…”
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Nope. The IRS portion of the bill isn’t for small fish like us, but $400k and above earners. That may not stop us from getting audited, as we should if we screw up. But this is really going to put forward the resources needed to open up the complicated finances for the big fish who spend thousands of dollars to hide millions of dollars.
How many here have ever been audited and why? I have never been…
These are not changes imo, just more of the same. More of the same failed policies from the last 30 years.
People think we are going to increase tax revenue and catch crooks. As you stated, for what purpose?
I did. I misunderstood the child tax credit, as I’ve mentioned in a previous post. My tax software automatically applied it even though my kids had spent less than 6 months in the States for that year. I spent a year waiting on my refund and finally got a letter saying that I owed $130.
I’m sure that the process cost more than $130 for the IRS, but it also saved them a couple of grand in the refund they did not have to send me. Now I pay somebody to do my taxes for me so that I can avoid all of that rigmarole.
Certainly not efficient. Very frustrating indeed. I don’t think anybody is going to claim that the IRS is a lean machine (lien machine maybe).
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That is entirely possible. Liberal governments have a history of doing that.
Yeaah, ok. And we can “keep our current doctor and health insurance,” and “read my lips, no new taxes,” and “I will keep us out of the war,” and “I will build the wall,” and “I did not have sex with that woman,” and on and on and on. This bill and the new IRS agents will audit whoever they can. It is being sold as targeting high earners simply to soften the blow.
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You might be right.
I guess everybody better make sure their taxes are on the up and up!
I feel that not addressing the $1T revenue lost each year would be incompetence. The last administration slashed the IRS because he’s a businessman who doesn’t want to pay taxes. In fact, his first year in office he paid something like $750 in federal taxes. And in the most of the years prior to that he paid NO taxes.
This aims to fix part of that. I don’t support incompetence, which is why I support this IRS funding.