It’s about time the irs is audited and their 2’nd Amendment rights revoked.
It’s not about collecting taxes, it’s about crushing the peasants.
The IRS goes after the EIC, because there is enough evidence or belief that that is where the cheating happens. Maybe smaller dollars than when rich people cheat, but a lot of multi-thousand cheating incidents add up after a while. When rich people pay large fees to professionals to complete their taxes for them, there is less cheating and mistakes.
Next, some grad-student is going to look at the due diligence requirements for paid tax preparers, and publish a paper stating that it's the paid tax preparers who are the problem. Otherwise there would be no due diligence requirements!
Too bad nobody looks at the southern border this way. They might find out that illegals come into the country illegally. Then they stay in this country illegally. Who'da figured on that?
You don't think all those thousands of new IRS agents are going to be going after the Nancy Pelosi's, do you?
The “very poorest” don’t pay taxes...they get money back.
The assumption and agenda here is the audits are because they are poor.
The earned income credit has a lot of abuse..............
We have yet to receive our refund from return filed in March. Finally were told it must have been lost, and we should file it again. That was almost a month ago, and it is not showing up in their “Where’s my refund” tracking yet.
I have changed my withholding down to 7%.
I guess they will be coming after me
Poor taxpayers seldom make campaign contributions!
WWG1WGA!
Aside from my hatred for the IRS, those getting earned income tax credits should be audited for fraud. Because there is a lot of it.
In fact, the earned income tax credit should be eliminated. Everyone should be paying a flat tax. Benefits paid to those in the lower half of the income level is what keeps getting Democrats in power.
The article seems to imply that it’s ok if ‘low-income’ people cheat on their taxes. I bet many of them do. You wouldn’t see a headline claiming the IRS was ‘hassling’ Donald Trump if they audited him.
The rich and middle class hire accountants, who, if competent, file tax forms properly. People pay for their services to ensure that they pay the very least taxes they can.
Poor taxpayers cant afford lawyers.
Buffett runs his mouth about the rich paying more. Knowing that 70,000+ pages protect him.
He’s made a living fighting the IRS to avoid taxes
https://meaww.com/pro-publica-irs-leaks-warren-buffett-slammed-for-not-paying-taxes
https://www.accountingtoday.com/news/buffetts-netjets-beats-irs-on-366mn-claim
There was another one where he and his lawyers fought the IRS for years. Owed millions. Legit millions. Finally won and the whole time able to write off legal expenses.
They love going after the folks that can’t defend themselves. No different than the DOJ and it’s 97% Conviction rate.
Ping
im ok with EIC audits
lot of fraud there
Yikes! But how much money can they get from low income people?
Food. Gotta teach the poor they need to pay their fair share. And besides, that’s where the money is.
Honestly though, these are the people who work and don’t claim it but do claim 6 kids and stock losses and $150k in child care and...
The current operation makes sense. The difference in the amount of tax requirement between each end of the system is very simple.
The top 1 percent of taxpayers (AGI of $546,434 and above) paid the highest effective income tax rate of 25.6 percent—more than seven times the rate faced by the bottom 50 percent of taxpayers. So Uncle Sugar is getting their booty from the top end at an incredible rate because they have the money to pay it. The bottom end of the scale doesn’t have to money especially with the increased inflation rate so it looks like they are always in the loop. It’s a simple formula, the rich have the money and the poor do not. And they make less worth than they did so the media blames the rich for not giving it away to them.
Sells papers
wy69
The poor are chased down because they can crash the system. The wealthy don’t directly pay income taxes and there aren’t enough middle class to crash the system, especially since most will do it right because they have too much at stake.