XPost: alt.tv.pol-incorrect, alt.fan.rush-limbaugh, alt.politics.usa
XPost: us.taxes

A new report has been issued by the official watchdog of the Internal
Revenue Service unsurprisingly admitting that the $80 billion given to
the IRS by the Biden administration potentially means more audits for
average Americans.

The watchdog claims the audits will occur if the IRS doesn’t take
immediate action to prevent it and there is little indication they are
inclined to do so.

“Last year, the Inflation Reduction Act — which was not actually
designed to reduce inflation — gave the IRS $80 billion in new funding.
That funding would be used to hire 87,000 new agents over the next
decade and to increase tax enforcement,” TheBlaze reported.

“In response to criticism from Americans of all political views, the
Biden administration promised that none of the money would be used to
increase the number of audits on American households or small
businesses earning less than $400,000 per year,” the media outlet
continued.

Just another lie from #LyinBiden Shocker ??

Gov't watchdog shreds Biden promise that $80 billion in
new IRS funding wouldn't lead to more audits on average
Americans

https://twitter.com/Vicki2A/status/1703005123633373375

That is apparently turning out to be yet another fib told by the Biden administration.

The official IRS watchdog, the US Treasury Inspector General for Tax Administration (TIGTA), is claiming the IRS can’t fulfill its promise.
TIGTA asserts that this is because the IRS defines high-income
taxpayers as those earning in excess of $200,000 a year.

“There is no way to identify the complete population of taxpayers that
meet the criterion of $400,000 or more specified by the current
Treasury Secretary,” the report contends.

“The $200,000 threshold for high-income earners was set in 1976. When
adjusted for inflation, that threshold would be more than $1 million
today. Because of this issue, the TIGTA recommended the IRS establish a definition of high-income taxpayers in compliance with its promise. But
the agency refused and cited concerns of ‘agility,'” TheBlaze reported.

Democrats laughed off Republicans' concerns that a beefed-up
IRS would target working families. One year later, we’ve
proven that the IRS is subjecting working families to
increased audits as a result of the so-called “Inflation
Reduction Act.”

More lies and empty promises from the Biden Administration!

https://twitter.com/RepBethVanDuyne/status/1701656731619590377

“The IRS disagreed with this recommendation. It asserted that a static
and overly proscriptive definition of high-income taxpayers for
purposes of focusing on income levels above which taxpayers have unique
and varied opportunities for tax would serve to deprive the IRS of the
agility to address emerging issues and trends,” the report stated.

From the beginning, the Biden administration has claimed that the
reason for billions of dollars to hire an army of new IRS agents was to increase tax enforcement against wealthy Americans who game the tax
code for their benefit.

The TIGTA also noted that increasing enforcement when it comes to
wealthy Americans will be problematic because the agency just doesn’t
have enough agents who know how to tear into the financial data.

According to the watchdog, audits of high-income taxpayers have not
increased.

“Our analysis disclosed no significant increase in the number of high-
income individual return audits,” the report asserted.

“[D]espite congressional encouragement to examine individual high
earners and the former Treasury Secretary’s directive, most
examinations were not focused on high-income taxpayers,” the inspector
general noted, making it evident that average Americans are being the
ones targeted by the IRS.

“[W]e see no direct effort to increase examinations of individual high earners,” the report concluded.

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Let's go Brandon!

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