The baseline was there was significant tax evasion by high net worth individuals. The staff up was to counter that, staffing down puts us back at reduced enforcement.
Someone has to pay to operate a nation state, you can’t borrow forever to fill the gap and there’s nothing left to cut. Roughly the bottom 60% of Americans do not make enough to have a federal income tax liability. So, we can kick the can on the top 40% paying until the bond vigilantes make the decision for the US.
alt Hacker News
The baseline was there was significant tax evasion by high net worth individuals. The staff up was to counter that, staffing down puts us back at reduced enforcement.
Someone has to pay to operate a nation state, you can’t borrow forever to fill the gap and there’s nothing left to cut. Roughly the bottom 60% of Americans do not make enough to have a federal income tax liability. So, we can kick the can on the top 40% paying until the bond vigilantes make the decision for the US.