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Message
re: Doing taxes really makes you think
Posted on 2/13/24 at 4:22 pm to Loup
Posted on 2/13/24 at 4:22 pm to Loup
quote:
most of it goes to the military industrial complex and to keep the IRS running.
quote:
to keep the IRS running.
$11.9 billion out of $4.1 trillion for FY2021 is hardly most.
quote:
In FY 2021, the IRS collected about $4.1 trillion on a budget of about $11.9 billion (excluding one-time supplemental funding the agency received to administer COVID-19-related stimulus programs).14 That translates to an average ROI of about 345:1. It is economically irrational to underfund the IRS. If a company’s accounts receivable department could generate an ROI of 345:1 and the chief executive officer (CEO) failed to provide enough funding for it to do so, the CEO would be fired. Yet in general, the federal budget rules exclusively take into account outlays and ignore the revenue those outlays generate. The program integrity allocation adjustment mechanism gives Congress the ability to provide some funding above the spending caps, but because it historically has been used solely to fund enforcement initiatives, it can lead to imbalances in the IRS’s operations.
LINK - IRS Taxpayer Advocate Service
Also, you do realize the IRS is the accounts receivable department for the government.
You are malding about the national debt and want to eliminate the agency responsible for enforcing the tax laws and collecting the legally owed taxes.
Galaxy brained policy wonk level stuff here, Mr. Loup.
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