US EditionWhat’s Next for Trump’s IRS?
- The Trump administration's plan could cut the IRS workforce by half, enabling an additional $30 million in daily tax evasion by the ultra-rich, according to an analysis by Oxfam America.
- Oxfam America notes that lost IRS capacity could result in $395 billion in federal revenue loss over ten years, mainly affecting ordinary taxpayers.
- Mass firings may result in $395 billion in lost federal revenue over ten years, with the top 1% responsible for a significant portion of this, as reported by the Yale Budget Lab.
- Rebecca Riddell from Oxfam America stated, "While the rest of us dutifully file our taxes, ultra-wealthy tax cheats drain over a half a billion a day from the public coffers.
13 Articles
13 Articles
Schweizer: Trump's Pick to Lead IRS Is a 'Breath of Fresh Air,' 'Real Man of the People'
No one likes tax time, but one fresh character might offer at least some entertainment. The post Schweizer: Trump’s Pick to Lead IRS Is a ‘Breath of Fresh Air,’ ‘Real Man of the People’ appeared first on Breitbart.
Trump IRS Pick Was Just Enriched By Tax Schemers
President Donald Trump’s choice for Internal Revenue Service director just had his six-figure debt paid off by campaign donors whose firms have significant, often contentious business before the tax agency he would lead, according to federal records reviewed by The Lever. The revelations come as lawmakers call for a criminal probe of how tax credits were used by these donors’ firms — many of which have previous ties to U.S. Rep. Billy Long (R-Mo…
Tax Day Arrives With the Implications of a Trump-Era IRS Still Taking Shape
The conclusion of the tax filing season Tuesday is about to provide early clues toward resolving a nagging question hanging over the US Treasury: How honest will Americans be about their income when there are suddenly fewer auditors to check them?
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