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Donald Trump Is Not as Popular as Everyone Thinks
(www.newsweek.com)
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this post was submitted on 07 Mar 2024
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Inflation Reduction Act. Basically, a large amount of money is being put into renewable energy and the like (along with a number of other policies).
FTFY. Government subsidies for private enterprise has no business existing in the 21st century. Why don't we nationalize all these industries, cut out the middlemen, and get a better ROI? Oh yeah, it's because these bills are written by lobbyists for big corpo who want to make sure they get their piece of the tax dollar pie.
Not that I think Trump would do anything better, but the IRA falls just behind Trump's PPP as the most corrupt, best-ambitioned, acts.
The act that funds the IRS to go after tax cheats is corrupt? And you think nationalized industries are not corrupt?
Poor people are audited at a rate of 5x more often than the rich and that trend hasn't changed in the 2 years since the IRA was passed. The problems with the IRS aren't from funding, they're systemic, and the system is working exactly as intended. The IRS needs a complete defunding and rebuilding, but the idea that anything will improve for the average person with a better-funded IRS would be hilarious if not for the fact that so many people believe it.
Less corrupt than private corporations and lobbyists? Of course. Take a look at something like the Roosevelt-era WPA to see what a properly-administered infrastructure project is supposed to be like, versus the lowest-bidder, private subsidies, inefficient system we have now.
https://marketrealist.com/p/who-does-the-irs-audit-the-most/
Absolutely no source given.
Meanwhile:
Source
Source
Both articles written within the past two years.
The US needs a massive tax law overhaul before any further funding for the IRS will benefit the average citizen.
They’re cherry-picking the numbers, comparing the lowest income demographic against the lowest audit rate demographic. The lowest audit rate demographic includes most taxpayers, starting at very low income. That a look at this chart clearly showing that wealthy are audited at a much higher rate
Also your own source says most of those EITC audits are “correspondence”. I’ve been through one: IRS sent mail saying they think I made a mistake and showed the correct value. I said “oops”, and returned the correction. Nothing to it. This is not the big scary audit people are afraid of