@slimcanuck.bsky.social
Reposted
This last IRS cut is the most galling. One estimate suggests that the deficit may grow by $500 billion due to the DOGE/Trump assault on the IRS. That’s $500 billion *in one year.*
www.independent.co.uk/news/world/a...
www.independent.co.uk/news/world/a...
IRS braces for $500bn drop in revenue as taxpayers skip filings in wake of DOGE cuts
Individuals were ‘wagering that auditors will not examine their accounts’ amid DOGE’s plans to downsize the IRS by nearly 20 percent ahead of tax filing season
www.independent.co.uk
May 16, 2025 at 8:49 PM
This last IRS cut is the most galling. One estimate suggests that the deficit may grow by $500 billion due to the DOGE/Trump assault on the IRS. That’s $500 billion *in one year.*
www.independent.co.uk/news/world/a...
www.independent.co.uk/news/world/a...