bweekspt.bsky.social
@bweekspt.bsky.social
Reposted
Besides the personal cost to those losing their jobs, this WILL NOT SAVE MONEY.
Every $1 IRS spends on audits brings in >$1 in additional revenue. This is especially true for audits of the very rich: $6.29 returned for each dollar spent auditing top 0.1%.
www.washingtonpost.com/opinions/int...
Opinion | How much did Congress lose by defunding the IRS? Way more than we thought.
New research finds that for each extra dollar the IRS spends auditing wealthy taxpayers, it can collect more than $12 in return.
www.washingtonpost.com
February 20, 2025 at 3:57 PM