OT Why does the IRS need $80 billion? Just look at its cafeteria.

I don't think the IRS needs to know your exact net worth to know that you are wealthy. They have enough information to know that your financial situation is different than the single mom working 3 jobs.

 

Get rid of the earned income credit and you'd cut down on a lot of people in poorer tax brackets getting audited. It is a very abused part of the tax code.

https://www.eitc.irs.gov/tax-preparer-toolkit/frequently-asked-questions/fraud/fraud

A problem is you would be getting rid of money many of these folks rely on that file it correctly if you got rid of it.

 

I bet you they have a camera watching you taking a dump right now. Goddammit big brother.

 

The IRS does not have records of your bank statements. They can get them through supboena, but its not like they literally know every dollar you have.

A single mom with 3 kids could be rich. Could cheat on their taxes. Could file them correctly. Could be poor. Any of the above.

Everyone and anyone can be a tax fraudster.

 

Or you could just streamline the process and give it to the people who need it like I suggested.

 

That's genius. Can you go to the IRS and tell them everything they need to do? You may have cracked the code on all of this.

 

They could pretty easily copy many other countries. They know how much taxes everybody with W2 jobs owe, and if they qualify for the earned income tax credit. It's not rocket science.

https://www.propublica.org/article/...op-americans-from-filing-their-taxes-for-free

https://www.pbs.org/newshour/show/dreading-taxes-countries-show-us-theres-another-way

Unfortunately this brings us back to how corrupt our system is, and how much more that corrupt system costs Americans than other countries.

 

Do you want them taking a pencil and calculator to an audit of drug dealers and crime organizations?

People in the criminal investigations group are similar to the fbi. They have accountants carrying guns too.

This doesn't follow the rights portrayal of being thugs to beat down on america.

 

Yet the earned income tax credit has a massive rate of being wrong.

And as I already stated. Even though Intuit lobbies, there are multiple free to file programs through the IRS website for low income folks to file free.

 

What I said was:

Again, you've changed what I said in order to make it easier for you to argue against it...

 

My proposal had nothing to do with being free.
And the fact they they are getting it wrong very often supports my position that the system should be streamlined.

 

What information do they have to tell that I have more money than a single mom of 3? I'm curious of your thought process here.

 

Run for congress and simplify it. I believe in you.

 

I don't know. You're apparently not talking about the same person I am.

 

I'm not corrupt or two faced enough to be successful in politics.

 

Come on now. Explain how the IRS can determine someone has more money than another outside of their personal income tax return for that year. You can use any examples of persons.

My bad it wasn't 3 kids but 3 jobs. And she has to have at least 1 kid as a mom.

Still. Explain.

 

A person working 3 jobs, making $15k per year at each, probably doesn't have a trust fund.

 

People can have multiple w-2s for many reasons. Some include only working part time jobs. Maybe they teach Zumba classes at multiple gyms. Maybe they recently retired and are doing this part time. Perhaps they own multiple corporations and pay themselves little wages out of those corporations. Maybe they previously won the lottery and just do part time jobs now. They could be getting alimony and child support.

That doesn't tell them anything for their wealth.