[Andy Kroll at ProPublica]

Cutting the IRS has nothing to do with government efficiency:

"Unlike with other federal agencies, cutting the IRS means the government collects less money and finds fewer tax abuses. Economic studies have shown that for every dollar spent by the IRS, the agency returns between $5 and $12, depending on how much income the taxpayer declared. A 2024 report by the nonpartisan Government Accountability Office found that the IRS found savings of $13,000 for every additional hour spent auditing the tax returns of very wealthy taxpayers — a return on investment that “would leave Wall Street hedge fund managers drooling,” in the words of the Institute on Taxation and Economic Policy."

These cuts will particularly curtail audits of wealthy individuals: people who are more likely to be avoiding paying tax to begin with.

As the article points out:

"“When you hamstring the IRS,” Koskinen added. “it’s just a tax cut for tax cheats.”"

So let's not do that?

#Democracy

[Link]