Defunding the IRS will become even higher priority item for the cons.
And the MIC thanks them
…and it only cost $80B to do it. 🙄
The $80 billion is spread over 10 years, and Republicans have already reduced that by $20 billion. Also, that’s the total increase in funding from the Inflation Reduction Act, whereas this $1 billion recovered is only one success story of many. Please don’t make such misleading statements.
The Inflation Reduction Act, which passed in 2022 without any Republican votes, approved about $80 billion for the IRS over a 10-year period.
Democrats say the money is meant to help the IRS ramp up its enforcement efforts on high-income taxpayers as well as improve its archaic taxpayer services system.
From a linked article. I’m not sure how much the “archaic taxpayer services system” costs, but my comment is accurate.
Your comment would be accurate if it cost them $80B to recover $1B.
Your own quote points out:
$80 billion for the IRS over a 10-year period.
Which makes your comments misleading, not accurate.
If the program costs $80B, then it costs $80B. And it’s taken in…well, lemme check my records…$1B.
Sorry if my brain can’t do the mental hula hoops it takes to calculate that any other way.
The IRS cost $16B total to operate in 2023. Federal tax revenue in 2023 was $4.44T.
This idea that you’re trying to project, that funding the IRS is somehow not worth the cost, is absolutely bonkers.
That’s not what the article says. I’m just reading and quoting.
To be fair, if it costs 80b in 10 years and has only been implemented for 2 years, then it only cost 16b to recover 1b.
Listen, I’m just reading and quoting. Take it up with the writer.
Lol you’re funne u should grk fakmo lmao
grk fakmo
Say whaaaa??
So in other words it cost $8b to recover $1b? And this is seen as a good thing?!?! That make as much sense as toilet paper math
Your comment is technically accurate, but leaves out context and relevant information, which makes it misleading. My comment is accurate as well.
Whatever helps you sleep at night, pal.
Agreed! It’d be MUCH BETTER if we used that 80B to PAY for those Millionaire’s and Billionaire’s Yachts INSTEAD of collecting over a BILLION in less then a Year!
