alt Hacker News> The agency has lost more than a quarter of its staff, withdrawn directives to auditors to crack down on aggressive tax shelters and permitted other auditing efforts to falter.
When you see a government doing this, you know they're not interested in collecting Tax from their rich buddies.
This case will sit in limbo for 20x years.
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Or they weren't happen with the amount of bribe money we already know they paid, and so now they're being made an example of. Standard Mob protocol.
>..withdrawn directives to auditors to crack down on aggressive tax shelters..
The above might be a salient point, but as for the 1/4 auditors lost and the rest:
The low income (under 25k) with EITC, were the largest audited group with 298,485 of 626,204 audits performed in 2022. The rest of those earning under 200k had 250,391 audits.[] 48% of audits were under 25k income w/ EITC. 87% of audits were people under 200k income.
Kind of interferes with the idea these audits were all about going after the "rich buddies." They were way more about going after the poor than they were about going after the rich.
[] IRS management audit reports obtained via FOIA by via TRAC / https://tracreports.org/reports/706/
Exactly. This is just one big tech fighting another big tech using the government as a weapon.
Ayup. Trump was able to get a stay on a case on an "allegedly" improperly-applied tax write-off for his casino's bankruptcy. It's been in limbo at least since 2016. Ten years. This is the standard operating procedure for people at that level of wealth.
Which would suggest that perhaps that level of wealth doesn't need to exist in our society.
This is an extremely common misconception (or lie, depending on who's saying it). The IRS, even before the cuts, targets exclusively the middle class.
More agents = more middle class shake downs.
63% of the IRS' audits under the Biden admin targeted those earning sub-$200K.
People earning $25K a year are MORE likely to be audited than those earning $200K, too.
It will be very naive to believe adding IRS staff will help with that. It is far easier to audit W2 employees than dealing with mega corporations.
At what point does the term “regime” become an accurate description of that government rather than a derogatory label?
Or they'll settle with Meta in a few years for a small fee with no admission of wrongdoing to save face.