IRS Promises $204 BILLION In Revenue From 87,000 New Agents
IRS Promises $204 BILLION In Revenue From 87,000 New Agents
The IRS is planning to hire 87,000 new agents, thanks to $80 BILLION in funding from the Inflation Reduction Act.
But while so-called fact-checkers insist the IRS won’t target the middle class—because Biden said so—they’re promising to come up with nearly $204 BILLION in revenue…
This comes as the IRS quietly deletes the job listing in which they called for new agents to be ready to use deadly force when necessary.
Okay, so what is the IRS actually planning to do?
Well, for starters, it’s planning to get an additional $80 Billion in funding, thanks to the ‘Inflation Reduction Act,’ which was just passed by Congress. Because of course, if there’s anything we’ve learned from the Patriot Act of 2001, or the USA Freedom Act of 2015, it’s that when Congress gives legislation a title, it never does what it says it’s going to, and it more than likely includes a lot of other provisions that target average Americans.
But that’s definitely NOT the case this time around, according to sites like the Washington Post and Mother Jones. They’re arguing that only a fraction of the new employees will be dedicated to “enforcement,” and that we should all believe the IRS Commissioner when he says it won’t be used to target the middle class or small businesses.
Yet the amount of money dedicated to enforcement is more than $45 BILLION. That’s more than half of the new funding Congress is giving to the IRS.
And why would they be giving them so much money? Well, because the expected revenue that they believe the will bring in over the next decade is nearly $204 BILLION.
The Biden Administration is swearing the new funding isn’t meant to target anyone making less than $400,000—as it sets itself up for a “Read my lips. No new taxes,” or “If you like your healthcare, then you can keep your healthcare” style moment.
But even CNBC admitted there’s no guarantee—especially if the IRS has the pressure to deliver on that additional income—as small businesses and self-employed taxpayers are seen as easy targets.
The DC-based conservative think tank, the Heritage Foundation, also argued that if the goal is bringing in over $35 Billion in new IRS revenue in 2031, then even if they were to increase “audit rates 30-fold for taxpayers making over $400,000—including 100% audit rates on taxpayers with incomes over $10 million,” they would still be more than 20% short of raising the promised revenue—which means the money has to come from somewhere.
Forbe is also warning that the public better get ready because the IRS is likely to set its sights on crypto users like never before.
When it comes to the ways in which the IRS could get your money—well, that will be carried out by force, and it could be deadly. As Journalist and Documentarian Ford Fischer reported earlier this week, the new job listings from the IRS require special agents to “carry a firearm and be willing to use deadly force, if necessary.” He then noted just one day later that the line had been removed.
It’s also important to remember that we’re talking about the same Government agency that admitted last year it failed to collect more than half of the $4 Billion Dollars owed by back taxes by American millionaires. The same agency, which has also revealed that they’re much more likely to audit poor and middle class Americans because it’s “faster and cheaper” than going after the rich.
But the so-called fact-checkers online continue to claim that the average Americans don’t have a reason to be concerned, simply because the Biden Administration claims they don’t. But that’s a promise that isn’t worth much at all these days—and that’s something everyone should be talking about.