IRS braces for $500bn drop in revenue as taxpayers skip filings in wake of DOGE cuts at agency Individuals were ‘wagering that auditors will not examine their accounts’ amid DOGE’s plans to downsize the IRS by nearly 20 percent ahead of tax filing season The IRS is bracing for a $500 billion drop in revenue as an increasing number of taxpayers could skip submitting their filings in the wake of Department of Government Efficiency layoffs, according to a report. Taxpayer behavior has changed since President Donald Trump took office and implemented sweeping federal cuts through Elon Musk’s DOGE. As a result, the IRS has “noticed an uptick of online chatter from individuals declaring their intention to not pay taxes this year,” the Washington Post reports, citing three people with knowledge of tax projections. It added that individuals were “wagering that auditors will not examine their accounts” amid DOGE’s plans to downsize the IRS by nearly 20 percent by May 15. New hires in taxpayer services and enforcement divisions have been targeted and the agency has dropped investigations of high-value corporations and taxpayers, according to the newspaper. The agency employs roughly 90,000 workers total across the U.S., according to the IRS data. Treasury Department and IRS officials are predicting a decrease of more than 10 percent in tax receipts by the April 15 deadline in comparison to 2024 filings, which would amount to more than $500 billion in lost revenue, according to the Post. The newspaper said it spoke with officials who shared nonpublic IRS data. Read More
And the salaries from the IRS cutting 18,000 jobs at an average salary of $61,639 would equal about $1.1 billion in "savings" per year. And that will cost the US government $500 billion in lost revenue. This is what Musk and Trump consider "efficient government".
What a clueless dumbshit. I'll drive my 10 year old, low mileage Japanese car till the wheels come off. The only American car I would ever drive is a Ford…..and then only if it was gifted to me. I suspect many, many more Americans feel the same way.
The idea is that if you're not part of the millionaire club...go away and let them buy your property. More and more chatter on political comment sections are flexing classism and leaning heavily into white privilege which was the intention of MAGA all along. Now that the middle class is replaceable with AI, who needs poor people?
The rich need the poor. They need consumers. They need the economy. Without those things their money isn't worth the paper it's written on.
DUI hire is visiting military academy tomorrow. In preparation, library removing any books not about white Christian men so he won't be upset, including biography of Jackie Robinson. Hegseth shining example of merit based hiring.
