The IRS
mark94
Arizona
“If Democrats have their way, one of the most detested federal agencies—the Internal Revenue Service—will employ more bureaucrats than the Pentagon, State Department, FBI, and Border Patrol combined.
Under the Inflation Reduction Act negotiated by Sen. Joe Manchin (D., W.Va.), the agency would receive $80 billion in funding to hire as many as 87,000 additional employees. The increase would more than double the size of the IRS workforce, which currently has 78,661 full-time staffers, according to federal data.
The majority of new revenue from IRS audits and scrutiny will come from those making less than $200,000 a year, according to a study from the nonpartisan Joint Committee on Taxation. The committee found that just 4 to 9 percent of money raised will come from those making more than $500,000, contrary to Democrats' claims that new IRS agents are necessary to target millionaires and billionaires who hide income.”
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"69% of Americans think the nation’s economy is getting worse — the highest that measure has reached since 2008, when it was 82%"
So according to most Americans, only the Crash of 2008 was economically worse than right now. Democrats' answer is to double their tax collection efforts. I challenge any of our resident buffoons here to explain how this isn't the reason we fought and won independence from England.
The Inflation Reduction Act raises taxes on large corporations with a 15% minimum CMT. It appears the JCT assumes some transfer of this impact to ordinary workers in their analysis. Republicans will try to deceptively spin corporate tax hikes as tax increases on low- and middle-income people, and without mentioning the other benefits in the Act that will help average Americans.
One day, IRS agents may be placed in small businesses to make sure they comply. Apparently, 1984 was more than a novel.
It’s clear we’ve gone beyond that maximum rate. The IRS has become more like a mafia protection racket than a tax collector.
Incidentally, the IRS has recently purchased millions of rounds of ammunition. They have explained why the IRS needs ammunition.
When you do that, all your fellow democrats nod their heads in agreement. Unfortunately for you, more and more independents are wise to your parlor tricks.
"I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."
- Winston Churchill
“ according to the CBO, and other economic organizations that study this bill, it will, in fact, have a minimal impact on inflation.”
“If anybody thinks that as a result of this bill we’re going to see lower prices for Medicare, you are mistaken. It ain’t going to happen next year, the year after, or the year after,”
There's a lot of good stuff in the bill, Republicans are starting to panic that it will help Dems in the elections. You can tell by their swift moves to try to discredit it.
They are in free fall. They are fighting for survival. For them, the world has truly changed.
Now they're forced to suck Putin's cock for natural gas, reactivate plants that burn the dirtiest fossil fuel out there (coal), and their biggest bank forecasted that this winter they're going to have to burn _wood_. It's like they want the 18th century by hook or by crook.
You advance technologies by building someone that is so good people voluntarily switch, and the old one fades. Greens should be forcibly composted.
We've gotta get over our delusions that we can live off the weather for a long time, possibly ever. At very least a lot of baseload nuke.
The Russian delusion is that they won WWII, the fact is we diverted enough of Germany's army away from the eastern front, that they managed to get out of the box the Germans had them in, while we kept western Europe from getting completely crushed.
I believe XI has problems of his own, and the Chinese aren't quite ready to take on the west.
I'm seeing 41%, and that's if you don't account for heating and cooling or *gulp* transportation.
I sure wouldn't be calling this a blueprint for America to follow, that's for damn sure.
Of course China has problems, but problems or not, they're 1.4 billion, and rapid economic growth is the main thing distracting them from oppression and surveillance. So the CCP is going to do whatever it takes to keep that machine rolling. If it means they need Russian oil to do it, they'll buy as much as they need. Economic growth, like winning in sports, solves a lot of problems.
You are missing the point, the Russians started this little adventure, even when they were begged not to, Mr. Putin greatly over estimated his strength, and his biggest mistake was thinking American generosity, was a weakness, it really is one of our greatest strengths, but our adversaries make that calculation over and over to their detriment.
@25, that was in reference to Germany's attempts to go completely green, not Russia.
https://www.reuters.com/business/sustain…
The US is only around 13%. The new bill just passed by the Senate should help move that number up.
How much have we spent to get to that 13%?
Calling it an "Inflation Reduction Act," lol. Spending to reduce inflation, Orwell would be proud. It's another taxpayer money giveaway so our betters in DC say they did something.
"the best laid plans of mice and men/gang aft a-gley.
The point is American exceptionalism, we do what we need to when we need to do it,
the Germans, will do what they need to do as well, if they need to move up their timetable, then that's what they'll have to do.
There was a classic book in software development called “ The mythical man month”. Throwing bodies at a problem doesn’t solve anything. It complicates the communication channels exponentially. Adding bodies to the IRS will make communication even worse.
They are an export economy that isn’t exporting anywhere near as much as they did 2 years ago. It was blamed on CoVid but something else was going on.
Without exports, they don’t get dollars. Without dollars, they can’t import food or energy. Without energy, their manufacturing shuts down. For 15 years, people have been predicting this house of cards would tumble. It may finally be happening.
And, without Chinese parts, American manufacturing will grind to a halt ( and, countries like Germany lose their primary customer ).
The problem with a global supply chain is, if one nation fails, they all do.
The US gets about 20% of it's power from nuclear. Arguably greener than solar/wave/wind, less disturbance of natural habitats, and their carbon-dioxide-absorbing plants and trees. Nuclear can be made much less risky with gravity-feed backup coolant systems.
More stupid comments. Oftentimes bodies / workers (especially with experience) are exactly what is needed.
Nothing is 100% safe, but the newest generation of nuclear plants ( if ever allowed to be built ) is pretty close to 100%.
If you are digging ditches or painting a house, that’s true. Higher level work requires complex coordination of tasks. If you add five new coders to a ten man software team, the most productive experienced coders will spend all their time answering stupid questions from the newbies. Productivity will plunge. Deadlines will be missed.
This is all about maintaining and increasing/consolidating their power - make the government bigger and more-powerful so they can better rule/force-their-will over us and force us to get in-line w/ their agenda and be dependent on them for everything - the more $$$ you give to the government the more powerful it becomes and the less power/freedom you the citizen has - they will divert a lot of those funds to give to their base so their base stays loyal to them (Dems); this includes student loan forgiveness, UBI, reparations; etc - if they get the power they want and the supreme court gets in their way, they will get rid of that too (court-packing; etc) - add to this opening the borders to millions of illegals then try to give them the right to vote even as illegals but if not fast-track them to citizenship so they can become loyal Dem voters for decades just like the black community has since the 6os.
It's not a bug; it's a feature - all this is being done in coordination with an end in mind - get rid of America once and for all and create a new country w/ a socialist/globalist huge-government in charge - they refer to it as the new-liberal-world-order.
Tell me again how this reduces inflation.
The act won't help with inflation though.
With this bill, the realignment of the Democrat Party is complete. It is now a coalition of the wealthy, the cultural elite, and those who rely on the federal government for their income. The Trump Party represents small business owners, the working class and middle class of all races and backgrounds.
Damn you’re good
Middle class will be when income brackets sunset back to pre 2017 levels When Trump passed the jobs and tax act. The business class will have most of their tax cuts remain.
‘Our Home Has Been Stolen From Us’: L.A. Landlords Slam Eviction Moratorium, City Council Extends Another Year
While many COVID-related policies have expired across the majority of the country, Los Angeles recently voted to renew its eviction moratorium, which has caused widespread frustration and extreme difficulty for some property owners.
“Our home has been stolen from us so that tenants, one of whom owns a DeLorean, can go to Burning Man and rent yachts for birthday parties and sail up in hot air balloons,” a Los Angeles property owner said at a recent press conference. “Our home has been stolen from us, not by our tenants, but by the overly broad policies created under Mayor Garcetti upheld by the majority of our City Council.”
“You can’t walk into your neighborhood grocery store and say, ‘Because food is a necessity, I’m going to walk out without paying,'” Cheryl Turner, board president of the Apartment Association of Greater Los Angeles, said. “But we are being criticized for asserting our rights to collect our rent.”
An eviction moratorium essentially ensures landlords can’t evict tenants if they don’t pay rent. California put an eviction moratorium in place during the pandemic, and it fully ended on June 30th of this year. Still, the L.A. City Council recently voted to extend its own moratorium again. It will remain in place through August next year, or up to one year after the local emergency declaration ends. Another vote is expected later this year.
Theoretically, the tenants will owe the rent when the moratorium ends, but collecting that money won’t be easy in many cases. Landlords will have the right to evict at that time, but in the meantime, many of these landlords are unable to pay their mortgages. At a recent press conference at City Hall, landlords argued that this eviction moratorium could bankrupt some of them and force them into foreclosure. They say that some tenants are taking advantage of the program.
Those on the other side of the issue say the moratorium is necessary because people are still struggling to make ends meet. Alliance of Californians for Community Empowerment (ACCE), a “racial and social justice” organization, protested outside the City Council gathering, pushing the landlords to take their press conference indoors.
“A lot of people still…haven’t been able to pay the rent and they’re going to end up homeless,” ACCE member Elizabeth Hernandez reportedly said.
Councilman John Lee was the only council member not to vote for the extension. He has been working alongside landlords trying to find a solution.
“Set a date, a date certain that they can look forward to and they can plan for in the future,” Lee said. “This eviction moratorium has got to end.”
Rent might become an even more problematic issue in the state due to inflation and a state law signed in 2019. The Tenant Protection Act doesn’t allow landlords to raise the rent more than 5% each year, “plus the percentage change in the cost of living,” or in other words, inflation. They could also increase it by 10%, whichever amount is lower. In the past, the total increase has been between 5.7% and 9%.
Since inflation is at record highs, many landlords throughout the state can raise rents by 10%. The 10% cap doesn’t apply to all housing, however, so some landlords could technically raise rents more. However, landlords’ hands are tied if there is an eviction moratorium, like in L.A. Even if they raise the rent, they can’t necessarily collect it.
https://www.dailywire.com/news/our-home-…
https://youtu.be/naqTTlb8Exs
[Video]
https://twitter.com/i/status/15564183426…
Today’s raid on Trump’s house should give a clue about how the 80,000 new IRS agents will be used.
https://twitter.com/FordFischer/status/1…
I hope he didn't plan to sell it to the highest bidder.
Don't kid yourself everyone wants a sugardaddy especially Mr Trump.
The bouncers who currently check on VIP rooms may be replaced with IRS agents who will check on VIP rooms to ensure the strippers report all their tip income.
As a W2 salary guy it won’t affect me. I don’t get away with anything. I have a brother-in-law who works for himself and “doesn’t make any money”. His kids got tons of college financial aid based on his “low income”. But somehow lives pretty high on the hog - new trucks and cars, huge house in best neighborhood, boat, European vacations, etc. He should be worried.
But these additional agents, and the Dem attitude of "if you've done nothing wrong, you have nothing to worry about" are frightening. An audit is scary under the best of circumstances. I'm not getting compensated for my time and stress in responding to it. These new auditors--like the one a good friend is dealing with right now--have the power to make your life miserable if they so much as misread a figure or miss a page of your return.
Idaho Sen Crapo proposed an amendment that would prohibit these new auditors from going after anyone who makes less than $400,000. Dems voted it down. They know there aren't nearly enough rich to fund the "look Dem base, we did something" act, let alone their full nutbar agenda.
That included $855,000 on Glock 19 handguns and $3.5 million on ammunition. It preferred .40-caliber Glocks, Smith & Wesson and H&K AR-15s, and Remington shotguns for its more than 2,000 special agents.
The report said the agency also purchased “hitman suits," though no explanation was provided.
How many cases are there for that kind of extremely rich businesses and individuals to be investigated?
There is not enough work to go around, for all these new agents to only focus there.
Besides, if you are an IRS manager, you do not send a rookie IRS investigator to go audit Bill Gates or General Electric or Warren Buffett. In their first years, the huge majority of these new agents will get to learn their craft and get their feet wet by looking into all the illegalities of Fred's Barber Shop, and Grandma Lucille's Family Farm, and Joe and Rita's Country Corner Diner. And there are plenty of training opportunities by auditing average Americans reporting 53 to 72 thousand dollar AGIs.
Oh, and by the way, if you are a Trainee Rookie IRS Hopeful, you get Zero bonus points by coming back to your supervisor saying that you found no problems and no illegalities in the tax forms of middle-class households and small- to midsized-businesses. You MUST find problems and underpayments if you want to advance in your new career.
This really should have been test-marketed with 4,000 new agents, just to see if adding agents assures better enforcement of actual tax laws. If that works, then add 27,000 more next year, and bring it to 87,000 total after the Proof Of Concept proves true. Otherwise, it become intimidation, or fears of intimidation, or suspicions of intimidation.
(I will probably be audited for Tax Years 2021 and 2022, just for posting these comments. Oooops.)