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Thu May 20, 2021, 02:01 PM

Biden proposes doubling IRS workforce as part of plan to snag tax cheats

Source: Politico



By BRIAN FALER

05/20/2021 12:20 PM EDT

Updated: 05/20/2021 01:35 PM EDT

President Joe Biden is proposing to double the size of the IRS, by hiring nearly 87,000 new workers over the next decade, as part of a sweeping plan to chase down tax cheats.

The hiring spree, part of a bid to increase IRS funding by $80 billion, would be phased in to give the department time to absorb the additional resources, the Treasury Department said in a report Thursday.

The agency’s workforce would never grow by more than a “manageable” 15 percent each year. And its total budget would increase by about 10 percent annually.

At the same time, the administration wants to require financial institutions and other businesses to report a lot more information about the money coursing through their customers’ accounts — a proposal designed to put the fear of the IRS in the hearts of tax scofflaws.





Read more: https://www.politico.com/news/2021/05/20/irs-funding-boost-489830

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Reply Biden proposes doubling IRS workforce as part of plan to snag tax cheats (Original post)
DonViejo May 20 OP
soothsayer May 20 #1
yellowdogintexas May 20 #3
soothsayer May 20 #7
DENVERPOPS May 20 #10
DanieRains May 20 #21
EYESORE 9001 May 20 #5
soothsayer May 20 #6
Maggiemayhem May 20 #12
c_junk May 20 #24
oldsoftie May 20 #34
TexasBushwhacker May 20 #22
Tree Lady May 20 #37
TexasBushwhacker May 20 #38
Major Nikon May 20 #23
soothsayer May 20 #25
MichMan May 21 #43
Major Nikon May 21 #46
MichMan May 22 #48
yellowdogintexas May 20 #2
LiberalArkie May 20 #13
onetexan May 20 #16
Historic NY May 20 #4
Mickju May 20 #8
C_U_L8R May 20 #9
soothsayer May 20 #26
C_U_L8R May 20 #30
MarcA May 20 #11
dobleremolque May 20 #17
soothsayer May 20 #31
SheltieLover May 20 #14
Pepsidog May 20 #15
soothsayer May 20 #27
bucolic_frolic May 20 #18
soothsayer May 20 #29
bucolic_frolic May 20 #32
soothsayer May 20 #33
Joinfortmill May 20 #19
ailsagirl May 20 #20
airmid May 20 #28
oldsoftie May 20 #35
tonekat May 21 #47
oldsoftie May 22 #49
PoliticAverse May 20 #36
ffr May 20 #39
Yo_Mama_Been_Loggin May 20 #40
ffr May 20 #41
tclambert May 20 #42
honest.abe May 21 #44
SwannieK May 21 #45

Response to DonViejo (Original post)

Thu May 20, 2021, 02:03 PM

1. Kind of rather go to a flat tax or something

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Response to soothsayer (Reply #1)

Thu May 20, 2021, 02:12 PM

3. if not done carefully, flat tax can cause great financial burden on

folks who can least afford it.

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Response to yellowdogintexas (Reply #3)

Thu May 20, 2021, 02:26 PM

7. Had no idea! Hopefully no one will listen to me.

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Response to yellowdogintexas (Reply #3)

Thu May 20, 2021, 02:48 PM

10. A flat tax can be incredibly regressive

The rich would love it, they would be able to keep tons more........as well as being able to get rid of their tax attorneys and tax accountants which they loathe having to pay to do their accounting and returns......

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Response to DENVERPOPS (Reply #10)

Thu May 20, 2021, 03:41 PM

21. Tax Wealth Not Wages Flat Tax Fine

If yer broke you pay no income tax

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Response to soothsayer (Reply #1)

Thu May 20, 2021, 02:24 PM

5. HELL NO!

Do you really hate the poor that badly? Flat tax. Sheesh!

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Response to EYESORE 9001 (Reply #5)

Thu May 20, 2021, 02:26 PM

6. Oh. Didn't realize. Flat tax above a certain amount?

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Response to soothsayer (Reply #6)

Thu May 20, 2021, 02:53 PM

12. That has been a right wing talking point for years.

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Response to Maggiemayhem (Reply #12)

Thu May 20, 2021, 04:06 PM

24. Decades!

Just found that that Right Wing (capitalist branch) legacy Steve Forbes has been pushing a flat tax since at least the Republican take-over of the House in the nineties...

Here's an article from then.

If they're pushing it, it's not good for the 99+%, but fabulous for them.

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Response to soothsayer (Reply #6)

Thu May 20, 2021, 04:59 PM

34. Yes, it COULD work; no deductions & only tax above a certain amt

But I prefer a sales tax. Too much money goes untaxed & always WILL

And while we're at it, do away with the SS cap

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Response to soothsayer (Reply #1)

Thu May 20, 2021, 03:41 PM

22. Sure! But tax ALL income

That means all income would be subject to Social Security and Medicare taxes.

That means long term capital gains will be taxed as regular income AND subject to Social Security and Medicare taxes.

Th thing is, tax rates are only part of the problem. It's the deductions. Also, international corporations are able to deduct the taxes they pay in other countries from their US tax, even to the point of getting REFUNDS. I say no free lunch. If you do business in the US, there should be an Alternative Minimum Tax just like there is for personal income tax.

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Response to TexasBushwhacker (Reply #22)

Thu May 20, 2021, 05:20 PM

37. On the other hand make social security

Not taxable unless you make over $75,000. We don't make that much but over limit so pay tax on 85% of it.

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Response to Tree Lady (Reply #37)

Thu May 20, 2021, 06:55 PM

38. Yeah, they definitely need a COLA

It's exactly the same as when the law was passed during the Reagan administration. Singles have to pay tax on SS if they make over $25K. Couples have to if they make over $35K or so.

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Response to soothsayer (Reply #1)

Thu May 20, 2021, 03:52 PM

23. A specious idea promoted by the right wing

Those at the bottom would see a dramatic tax increase while those at the top would see a dramatic tax decrease. Meanwhile inevitably those at the top would still find new ways to influence congress into granting them exceptions to lower their effective tax rate even more.

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Response to Major Nikon (Reply #23)

Thu May 20, 2021, 04:20 PM

25. That's horrible.

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Response to Major Nikon (Reply #23)

Fri May 21, 2021, 02:29 PM

43. Don't the wealthy pay a much smaller % of their income than lower incomes due to all the loopholes?

A flat tax would take care of that

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Response to MichMan (Reply #43)

Fri May 21, 2021, 04:29 PM

46. You'd have to be high to think they won't still get loopholes

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Response to Major Nikon (Reply #46)

Sat May 22, 2021, 12:21 AM

48. Not if there were zero deductions allowed

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Response to DonViejo (Original post)

Thu May 20, 2021, 02:10 PM

2. It's about time. The IRS has been understaffed and overworked for years

They do not have time to analyze those large complex tax files from rich people and corporations; of course it means they are not really auditing heavily at all.

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Response to yellowdogintexas (Reply #2)

Thu May 20, 2021, 03:00 PM

13. I had an old friend a long time ago that was an auditor for the IRS. Even was on the audit team for

Nixon. After all the layoffs and stuff he said that the IRS could not afford to go after the wealthy as the legal expenses would be too great. He told me that is why they went after the poor and middle class.

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Response to LiberalArkie (Reply #13)

Thu May 20, 2021, 03:17 PM

16. then i agree w Biden - staff up & go after the tax cheating wealthy

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Response to DonViejo (Original post)

Thu May 20, 2021, 02:21 PM

4. Great I'm still waiting for them to re-audit an old return

They disputed two tax preparers who were unable to find a mistake. I think they were too busy auditing Trump.

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Response to DonViejo (Original post)

Thu May 20, 2021, 02:37 PM

8. You mean like Donald Trump?

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Response to DonViejo (Original post)

Thu May 20, 2021, 02:41 PM

9. Just make Trump pay

and you can fund the whole workforce

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Response to C_U_L8R (Reply #9)

Thu May 20, 2021, 04:20 PM

26. Does he actually have any money?

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Response to soothsayer (Reply #26)

Thu May 20, 2021, 04:29 PM

30. Good point.

I bet there's some stashed near fave Russian oligarch money laundering holes. Perhaps Wilbur Ross's Bank of Cyprus.

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Response to DonViejo (Original post)

Thu May 20, 2021, 02:52 PM

11. Go after the highest accounts First and Foremost

No more going after people who have to live off of tips. Of course, if the IRS gets built up and the rethugs ever gain control again that is exactly what they would do.

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Response to MarcA (Reply #11)

Thu May 20, 2021, 03:19 PM

17. Nice idea but

the problem is lowest hanging fruit & path of least resistance. A bulked up IRS will go after the people least able to afford tax lawyers to dispute a collection effort.

It's easier to go after 10-million ordinary people for $1,000 each than to go after 1,000 billionaires for $10-million each. Same outcome, less effort. Going after the little guy is a MUCH surer bet.

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Response to dobleremolque (Reply #17)

Thu May 20, 2021, 04:31 PM

31. This is my fear... but I think Biden will urge them to do otherwise

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Response to DonViejo (Original post)

Thu May 20, 2021, 03:12 PM

14. Excellent! 👏👏👏👏

Ty, Joe!

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Response to DonViejo (Original post)

Thu May 20, 2021, 03:16 PM

15. If they do go after the right people, not the easy targets.

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Response to Pepsidog (Reply #15)

Thu May 20, 2021, 04:22 PM

27. That's my hope (and fear). I do know Joe is aware that the little guy is getting slammed

So hopefully this bodes well for going after the big guys.

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Response to DonViejo (Original post)

Thu May 20, 2021, 03:29 PM

18. Simplify

A dividend is a dividend. Not a qualified dividend.

A trader is a trader. It's income for people now. No special tax treatment.

An IRA is an IRA. It was supposed to be simple. It costs more for accountants than a working stiff can put aside.

A taxable gain is a taxable gain. 365 days doesn't matter. Only rich people hold past the 365 exclusion.

It's a tax code to pay for the government. It's not designed to serve corporations. Corporations make off with all the money, then tax code adjustments are made to lessen the pain for workers. When did this start?

Banking information? Cash is almost not used anymore so go after bitcorn. And stop the accounting tricks. A deposit is a deposit. No more cashing checks off the books which is what rich people do.

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Response to bucolic_frolic (Reply #18)

Thu May 20, 2021, 04:24 PM

29. Yes, this kind of thing. Simplification!

It came out as flat tax and I was righteously pummeled, but I think simplification is what I had in mind.

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Response to soothsayer (Reply #29)

Thu May 20, 2021, 04:56 PM

32. Still awaiting simplification from the Paperwork Reduction Act of 1977.

And let me emphasize. A guy told me that a rich guy told him, 60 years ago, that you hide income by cashing checks against your account rather than depositing it, because it doesn't show up on your account ledger. I don't know if this is true, but it sounds right. And probably all the better if you're tight with the teller. Is this how banks operate? Maybe some who understand it better can weigh in.

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Response to bucolic_frolic (Reply #32)

Thu May 20, 2021, 04:58 PM

33. Ah, I wanted to ask how on earth you cash checks off the books

They’re cunning, these folks

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Response to DonViejo (Original post)

Thu May 20, 2021, 03:32 PM

19. Sounds like a plan.

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Response to Joinfortmill (Reply #19)

Thu May 20, 2021, 03:38 PM

20. A great plan!!! I'm all for it!!

Last edited Fri Jun 11, 2021, 01:12 AM - Edit history (2)

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Response to DonViejo (Original post)

Thu May 20, 2021, 04:24 PM

28. That's fine but I hope they will be going after the fat cats who are the biggest

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Response to DonViejo (Original post)

Thu May 20, 2021, 05:02 PM

35. There's SO MUCH income that the IRS knows nothing about

Good luck with more people to find what isnt reported.

If its not 1099 or W2 income, its very hard to find it

We need a sales tax similar to what most other countries use. Trillions go untaxed and much of it is from high earners

People just dont understand how the "income world" really works. I guess if you've always worked for a paycheck you just dont see it

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Response to oldsoftie (Reply #35)

Fri May 21, 2021, 09:40 PM

47. $90M Dollars

That's what I read the underground economy in the US rakes in, and that was several years ago. Might have been $90B!

I'd like to see the IRS go after churches that enjoy a tax exemption but blatantly push a right wing message from the pulpit.

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Response to tonekat (Reply #47)

Sat May 22, 2021, 06:53 AM

49. That number is LAUGHABLE.

Whenever someone mentions the "underground economy" criminal money comes to mind. And maybe that number is only referring to criminal income. But the BIG money is simply unreported income. There's NO WAY to accurately estimate that number. Here's a short list of professions who likely never report ALL their income. They're certainly not "underground" workers. I've dealt with almost all of them & have first hand knowledge on how its done.

Painters, mechanics, AC repair, construction, lawyers, accountants, doctors, therapists, all forms of real estate, tree service, masons, roofers, ATM owners, convenience store owners, fast food, shop owners, plumbers, electricians

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Response to DonViejo (Original post)

Thu May 20, 2021, 05:16 PM

36. I'm extremely curious as to how this plan will poll with the general public. n/t

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Response to DonViejo (Original post)

Thu May 20, 2021, 07:37 PM

39. This could have real ramifications for election reform.

To ask, what your your sources of income and what expense items do you deduct.

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Response to DonViejo (Original post)

Thu May 20, 2021, 07:42 PM

40. Good

Understaffing the IRS has been SOP from the GQP playbook.

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Response to DonViejo (Original post)

Thu May 20, 2021, 08:05 PM

41. Crypto currencies are also targeted, in case anyone was wondering.

That'll help scale back the murderers for hire on the Dark Web and all the trash T----ster money laundering, unless they can keep it below $10,000.


Financial institutions would have to report the gross inflows and outflows on all business and personal accounts. So-called payment settlement entities, like PayPal, foreign financial institutions and cryptocurrency exchanges would also be subject to additional reporting requirements. Businesses would have to alert the IRS to cryptocurrency transactions worth more than $10,000.

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Response to DonViejo (Original post)

Thu May 20, 2021, 09:02 PM

42. Do any of these tax cheats look like a walrus spray painted orange?

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Response to DonViejo (Original post)

Fri May 21, 2021, 03:45 PM

44. Super!! As long as they dont come after me..



Not that I cheat but I might make a mistake here and there.

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Response to DonViejo (Original post)

Fri May 21, 2021, 04:07 PM

45. Go after the orange menace first...after all, he says the IRS has been auditing him for years!

They need to go after El Corrupto first...at least half the national debt could be repaid if they collected all the taxes he failed to report and pay in the past 40 years.

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