The IRS

The IRS will go after the last bastion of freedom in this country: The small business owner.

I'm confused. So the way to combat inflation is to spend more money so they get more tax revenue from the middle class ? How is that going to bring prices of anything down ?

ABC News Poll: https://www.yahoo.com/gma/sour-views-eco…

"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 IRS has been progressively gutted by Republicans over the past decade, so this move will help correct that. If you are paying your taxes you have nothing to worry about. Enforcing tax collections on tax evaders is not increasing taxes.

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.

^Yes as we know, Corporations never pass on any expenses to the consumer. Biden and the Democrats don't give a fuck about any person who works, just the leeches and scum that make up the base of their party.

^ By that logic, it would never be appropriate to increase taxes on corporations or the wealthy. But that will never solve the huge economic gap we have between the top 5% and everyone else. You have to look at the big picture and how those tax revenues will also help average Americans. As usual, Republicans will try to keep the narrative focused on their narrow talking points, so they can spread their deception and vitriol.

In China, the Communist Party is now placing agents in the homes of Uyghur people to prevent couples from having sex and making babies. They aren’t hiding their genocide.

One day, IRS agents may be placed in small businesses to make sure they comply. Apparently, 1984 was more than a novel.

Paranoid much ?

It’s pretty well established that there is a maximum tax rate at which tax revenue is maximized. I seem to recall it’s something like 18% of GDP. If you raise rates above that, some businesses will simply close and others will do whatever they ( legally ) can to lower their tax liability.

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.

The NYT leads the league in "journalists" fired for cause so read them; they're the best liars. The huge economic gap between the top 5% who work and earn and democrats who leech off government in one way or another. Look at multi-millionaire Bernie "kapos" Sanders, the sell-out, who got rich screwing the taxpayer by pretending to care.

The irs needs to go after tye private sector. Businesses are cheating the system. Look at all the ppp fraud.

It’s so easy being a Democrat. If anyone discovers an inconvenient fact, you call them a racist, a right wing extremist, or say their source is bullshit.

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.

There aren't enough rich or even upper-middle class, not enough Amazons or even prosperous small business owners, to fund the left's spending dreams.

"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

Bernie Sanders, yes, Bernie, speaking about the Inflation Reduction Act:

“ 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,”

Bernie supports it, he's unhappy it's not 10X bigger.

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.

Politicians don't want to stop inflation. They benefit from higher tax revenue. And their donors benefit from price gouging us.

The next shoe to drop, worldwide, will be food shortages. Just wait until you see how that increases the number of economic refugees at our Southern border.

^ So the world is still coming to an end ?

The world, as we knew it, ended in 2019. It will recover. At least the US will recover, but it is and will be a very different place.

Mark how big is your underground bunker

^ You mean how deep right ?

Watch what happens with Germany over the next 6 months. In 2019, they were an industrial super power. However, they have to import their food and energy, as well as chips for their auto industry, while their economy relies on selling sophisticated equipment and cars to China.

They are in free fall. They are fighting for survival. For them, the world has truly changed.

@Mark, Germany fucked up energy because they listened to idiot greens who told them they could convert a modern economy of over 80 million to wind and solar.

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.

^ It will get better, Russia will get their shit handed to them when this Ukraine adventure is finished, and the Germans will take their pound of flesh from a very much weakened Russia.

Russia will come out on top. The Germans could have had cheap Russian natural gas had they not been amerikkkas lap dog

@25, Russia has their buyers in India and China now, they no longer depend on the west. We've kept saying our sanctions are going to crush Russia but that keeps not happening. Xi is going to prop them up to be a pain in our ass.

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.

^ Never said our sanctions were going to crush Russia, what I believe will happen is the Russians will overreach, at some point, and one of the NATO countries will get sucked into the fight, at that point, it will be over for Putin.
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.

The IRS does need to hire although not just to audit people. I’m a CPA and trying to communicate and get responses from them is a complete nightmare.

Germany now gets almost 50% of their energy from renewables. Their investment in green energy has paid off hugely. Just because they are still partly dependent on fossil fuels is not a fuck up.

https://www.umweltbundesamt.de/en/topics….

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.

Maybe Russia overreaches, maybe they don't. That's speculation.

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.

>>I sure wouldn't be calling this a blueprint for America to follow, that's for damn sure.<<

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.

"You are missing the point,"

@25, that was in reference to Germany's attempts to go completely green, not Russia.

Renewables provide 49% of power used in Germany in first half of 2022
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.

What does that 49% (I guess we have conflicting sources) include? Does it include transportation?

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.

^ I got that, remember the poet Robert Burns poem,
"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.

American exceptionalism is a euphemism for American imperialism.

“trying to communicate and get responses from them is a complete nightmare.”

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.

Even if renewables account for half the power ( which I doubt ), there is no way to store the power at night or windless days. You need a base of fossil fuel or nuclear or you face frequent blackouts. Just ask Texas.

Welcome to the new liberal-world-order - "you will own nothing and you'll be happy" - you and your soul will belong to the government - the government shall be your god who you shall worship and obey - e.g. the school system will be in charge of your kids not you; etc etc

It’s been clear for a year that something weird was going on in China. The puzzle pieces are now clear. About 80% of China’s wealth is in real estate ( they don’t have stock investment like we do ) and real estate is crashing. All their real estate is highly leveraged and banks are beginning to fail. It’s a classic Ponzi scheme. The much vaunted Chinese middle class is about to disappear along with their consumption of goods.

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.

It's a bad incentive if the only way a woman came monetize her naughty attentions is, by hook or by crook, getting some thirsty guy to marry her. Rather than selling it in increments as small as the length of one song. With much lower risks of life ruination.

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.

> Throwing bodies at a problem doesn’t solve anything.

More stupid comments. Oftentimes bodies / workers (especially with experience) are exactly what is needed.

When nuclear is criticized as dirty and unsafe, Chernobyl is usually mentioned. Modern nuclear plants are vastly better designed and built than Chernobyl which didn’t even have a concrete containment structure or automatic shut off.

Nothing is 100% safe, but the newest generation of nuclear plants ( if ever allowed to be built ) is pretty close to 100%.

“Oftentimes bodies / workers (especially with experience) are exactly what is needed.”

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.

Trying to squeeze a little more money out of the taxpayers isn't going to make much difference when the federal government is running trillion dollar a year deficits. Too much of what we are doing now is the equivalent of rearranging the deck chairs on the Titanic.

Poor bastard has to choose between paying his taxes or feeding his family. Yeah, let's hire more people to help make up his mind. Maybe we should put his kids in foster care and put him in jail producing nothing for the economy. Good idea!

As it should start being obvious; "it's not a bug, it's a feature"

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.

The Inflation Reduction Act has passed the Senate and will be signed into law by Biden. Small businesses will have 80,000 new IRS agents to audit them to death. New green energy laws will raise, not lower, the price of fuel. Hundreds of Billions in new government spending. Complicated regulations for us to comply with.

Tell me again how this reduces inflation.

You have a problem with making businesses accountable to their legal obligations? Businesses are the biggest welfare recipients and need to be kept in check.


The act won't help with inflation though.

Little shrubby you got nothing to worry about I doubt the IRS will waste their time or energy auditing your broke ass.

^ You must have had a terrible childhood, it must be tough being as damaged as you are, shrubby

That's tough shrub your anal fixation gives you away every time, why don't you come out of the closet , you'll feel so much better.

The 50th vote to allow this bill to pass came from Krysten Sinema. She had one demand before agreeing to support the bill. They allowed the carried interest tax loophole to stay in place. That’s a provision that favors hedge funds, the 1% of the 1%. As a result, nearly all the tax increases in the bill affect the middle class and upper middle class. I expect she will be rewarded handsomely for this action.

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.

^ that’s talented lol so you’re saying the Trumps represents the middle class cause Synema is a sellout
Damn you’re good

The biggest increase on middle and upoer
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.

I think it’s 2026 when we pay higher income rates.

Will be interesting to see who gets audited the most - I got a feeling Trump supporters may be over-represented

More big-government bullshit:

‘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-…

And la tenants are very grateful to mayor Garcetti.

Florida GOP runs a parody-ad of the ad Gavin Newsom ran in FL - LOL:

https://youtu.be/naqTTlb8Exs

Woke School Board Member Caught Bragging: ‘Working From The Best Strategic Spot … From The Inside’

[Video]
https://twitter.com/i/status/15564183426…

I found a map of the counties that have the highest audit rate. It looks exactly like the map of counties won byTrump. I was unable to copy a link to the map.

Today’s raid on Trump’s house should give a clue about how the 80,000 new IRS agents will be used.

^ Lock him up LOL

Job posting for the IRS. Combines accounting with law enforcement. Must be willing to carry firearm and prepared to use deadly force.

https://twitter.com/FordFischer/status/1…

The alternatives stink as well. Taking the 5th for 6 hours. Keeping national secrets in your basement storage room. (Not going to jail when they find the first 15 boxes of top secret materials ... we'd all be there) Refusing to give up the next 15 boxes when they know you have them.

I hope he didn't plan to sell it to the highest bidder.

Don't kid yourself everyone wants a sugardaddy especially Mr Trump.

Mark94, "One day, IRS agents may be placed in small businesses to make sure they comply. Apparently, 1984 was more than a novel."

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.

Would this idea of an increase in IRS workers have anything to do with this new $600 rule? I just find it fucking ridiculous that these days selling a few things online might get you 1099'd and you'd have to prove it isn't even income- just getting rid of old stuff.

I got no problem with it. Tax laws should be enforced. Don’t like the laws? Vote for that.

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.

I do both W2 and 1099 work. The latter I keep meticulous records and receipts of, because it saves me a thousand a year on an accountant and makes doing taxes a breeze. And I declare every penny I'm supposed to, because for all I lean Republican I acknowledge the necessity of taxes to keep the country running.

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.

An amendment has been proposed to instead hire 20,000 border agents rather than 80,000 IRS agents. It won’t pass, of course, but the votes will be recorded.

If Biden was serious about having billionaires pay their fair share, they would eliminate the carried interest provision that allows the super rich to only pay 15%. That would be a lot simpler than auditing barber shops and sandwich stands.

All of this anti IRS rhetoric, yet I see nobody has commented that their staff has been dwindled to about half of what is was over 20 years ago. Anyway, the IRS was due for an upgrade after decades of neglect. If yiu for nothing to hide (unlike Trump), this should be favorable after the passage of the new bill. Some people like to point out complaints like they’re going to get a reward for it. That sentiment gets old, and fortunately the negative ad campaigns during this years elections will likely hurt those candidates running them.

I am not against paying taxes. I just find the $600 enforcement sort of extreme. If someone has $600 in sales in a whole entire year- I wouldn't call that an income. They should not have to prove they sold old items that they probably don't have a receipt for anymore.

From fiscal years 2015-2019, the IRS ranked eighth among “general and administrative” agencies in arms, equipment, and ammunition spending at $8,697,142, according to the OpenTheBooks report.

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.

Congressman Richard Neal D - People's republic of Massachusetts and House ways and means committee said yesterday that if the Democrats hold Congress taxes go up for "everybody". Now we know what the rats called Democrats are hiring 87,000 thugs for the IRS.

Let's say that the IRS only hires 27,000 new agents to go after the huge, rich, tax-stealing megamillionaires and super-giant corporate conglomerates.

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.)

Maybe now they can finally finish that Trump audit.