According to an April article from The Associated Press: This year, the IRS will have fewer agents auditing returns than at any time since at least the 1980s. The IRS loses an estimated $300 billion a year due to tax evasion -- a key contributor to deficits. A proposal by the Obama Administration claims that the IRS could bring in an additional $6 for every dollar it adds to the enforcement budget. And of course multimillionaires and billionaires, by taking full advantage of tax loopholes, deductions, deferrals and other forms of creative accounting, often pay less in taxes than middle-class Americans. Rep. Paul Ryans budget plan that passed the House of Representatives earlier this year would shamelessly benefit the wealthy elite with even more tax cuts at a time of rising mass poverty.
Posted on: Sat, 28 Jun 2014 04:02:51 +0000
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