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submitted 2 months ago by sharkfucker420@lemmy.ml to c/memes@lemmy.ml
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[-] ChickenLadyLovesLife@lemmy.world 5 points 2 months ago

Fine, revenues are $4.9 trillion. My point is that $1.9 billion is literally a drop in the bucket - hardly an example of the IRS "going after rich people".

[-] corsicanguppy@lemmy.ca 5 points 2 months ago

But ... It's an increase, right?

Are we okay with incremental improvements, or will only big bang headline news story type improvements be okay?

[-] ChickenLadyLovesLife@lemmy.world 1 points 2 months ago

Is it an increase? The article @macattack cited does not give any data on how much the IRS collected from high-income earners before this additional push supposedly funded by the Inflation Reduction Act. The article does mention that Republicans in congress recently rescinded more than $20 billion in additional IRS funding, which does suggest that the net benefit was far less than $1.3 billion and might even have been negative. It seems like the kind of breathless article the impact of which relies on people not well understanding the difference between a billion and a trillion.

this post was submitted on 04 Oct 2024
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