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re: CBO claims rescinding the 87k additional IRS agents will add $115 billion to the deficit.
Posted on 1/10/23 at 3:16 am to Taxing Authority
Posted on 1/10/23 at 3:16 am to Taxing Authority
quote:
Thank gawd we got rid of him and elected the fiscally responsible Biden administration! *phew* really dodged one there.
I never said that. At all.
quote:one?
Yep. Sure. Lots of Democrats lining up to cut social security and medicare. Can you name
I never said they either. I’m not arguing the Dems are fiscally responsible by any means.
1
Posted on 1/10/23 at 3:19 am to Taxing Authority
That chart doesn’t show they are targeting middle class income individuals?
Posted on 1/10/23 at 4:05 am to Bass Tiger
Lolz
Posted on 1/10/23 at 4:07 am to Bass Tiger
quote:
The only thing I can think of is the CBO is calculating the amount of taxes and penalties that will not be realized by 87k rabid IRS agents shaking down unsuspecting middle class Americans......with Boomers being the primary targets.
That's pretty much it. And in this case I'm ok with adding that much to the deficit. They need to simplify the tax code. Some people are no doubt unknowingly cheating
Posted on 1/10/23 at 4:08 am to HailToTheChiz
quote:
Sounds like each agent essentially has a quota tax to gather
Or, more accurately, the productivity of each agent can be estimated.
Posted on 1/10/23 at 4:09 am to LSUSkip
quote:
exactly what the CBO is thinking.....each new agent will generate and additional $100k in tax revenue above their salary and benefits cost to the government.
So eliminating them doesn't add to a deficit? Why would Democrats lie about something?
I swear some of you are borderline illiterate
Posted on 1/10/23 at 4:15 am to DavidTheGnome
quote:
Show me
The upper end of middle income (for a family of 4 anyway) falls in the top 10%.
quote:
Landing in the top 10% is a fairly attainable goal for upwardly mobile Americans. A study by the Economic Policy Institute (EPI), found that the average earnings of those in the top 10% were roughly $173,000 in 2020.
quote:
The latest census numbers indicate what income ranges constitute the middle class (as of 2020). This will depend on family size. For a single individual, a middle-class income ranges from $30,000 - $90,000 per year. For a couple it starts at $42,430 up to $127,300; for a family of three, $60,000 - $180,000; and four $67,100 - $201,270
Are 87,000 agents going to limit themselves to the top 1%?
Not likely.
This post was edited on 1/10/23 at 4:22 am
Posted on 1/10/23 at 4:15 am to TBoy
quote:
the productivity
Posted on 1/10/23 at 4:57 am to Bass Tiger
Only our government could reason that eliminating jobs that haven’t even been filled yet could add to the deficit
Posted on 1/10/23 at 5:48 am to Bass Tiger
Some of it is probably termination costs for a bunch of contracts already awarded. If that’s the case it would mean using a subset of dollars already reflected in the deficit to support a narrative of how much it’s going to cost to cancel all this.
Posted on 1/10/23 at 5:56 am to Bass Tiger
quote:
CBO claims rescinding the 87k additional IRS agents will add $115 billion to the deficit.
So, that's like just a Tuesday afternoon payment to Ukraine.
Actually it would be better spent money.
Posted on 1/10/23 at 5:58 am to Bass Tiger
Big deal. $115 billion is piss in a bucket to these assholes.
This post was edited on 1/10/23 at 5:59 am
Posted on 1/10/23 at 6:01 am to Bass Tiger
quote:
CBO claims rescinding the 87k additional IRS agents will add $115 billion to the deficit. by Bass Tiger
Worth it. $115 B is a small price compared to the freedom that it will bring.
Posted on 1/10/23 at 6:33 am to Bass Tiger
quote:
Can someone explain this? The only thing I can think of is the CBO is calculating the amount of taxes and penalties that will not be realized by 87k rabid IRS agents shaking down unsuspecting middle class Americans......with Boomers being the primary targets
Hit it on the first try.
Of course, this argument completely guts the Dems arguments that many of these are replacements for departed employees and the expected attrition over the coming years.
Posted on 1/10/23 at 6:39 am to udtiger
One of the things that people aren't mentioning here is the following
If "stimulus" checks and such stimulate the economy then presumably if these agents successfully shake down enough people it will have a suppression effect on the economy even if it's a net positive to the federal budget. Something to consider.
If "stimulus" checks and such stimulate the economy then presumably if these agents successfully shake down enough people it will have a suppression effect on the economy even if it's a net positive to the federal budget. Something to consider.
Posted on 1/10/23 at 6:41 am to Bass Tiger
Not sending billions to Ukraine to be funneled back to politicians also saves money.
Posted on 1/10/23 at 6:43 am to POTUS2024
quote:
Reports have said these auditors are targeting middle class people, not high earners.
All levels of sociology-economic status will be targeted. They will just be Republican. I guarantee that the Revrun Al still gets a pass. Teedy too!
This post was edited on 1/10/23 at 6:44 am
Posted on 1/10/23 at 6:53 am to POTUS2024
quote:
Reports have said these auditors are targeting middle class people, not high earners.
This smells like a war on small business owners.
Plus how much have we given Ukraine? They sure aren’t worried about that 100b.
Posted on 1/10/23 at 7:00 am to Bass Tiger
Inflate their money, cut their NG heat off, open the Border to the 3rd World poor, sic Government extortionists on em’ and the hard working and productive Middle Class goes down. Hard! But not without some serious payback when they do. Just a matter of time.
Posted on 1/10/23 at 7:01 am to Bass Tiger
Who cares if it does?
$115B wouldn’t fund Ukraine for a year.
It’s a pittance.
$115B wouldn’t fund Ukraine for a year.
It’s a pittance.
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