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Burning it all down is the goal.
Via Maddow:
"the plan to shrink #IRS staff by up to 50% would — very conservatively — lead to a $400 billion increase in uncollected taxes over the next decade. It could easily mean more than $2 trillion in losses..." https://www.washingtonpost.com/opinions/2025/03/13/doge-irs-cuts-tax-revenue/
@GottaLaff Today, the IRS fails to collect about $700 billion in taxes owed each year. We know that going after tax evaders has huge returns: Recent academic work suggests that every dollar spent on auditing people in the top 10 percent of earners returns $12. Prior estimates from the Treasury Department’s inspector general suggest that each additional hour spent auditing a high earner generates nearly $5,000 in additional tax revenue.
That “return on investment” into audit activity is not limited to the U.S. conversation. Repeated research in multiple countries gives very similar results, although maybe not the same overall $ return. And this goes back for decades - it’s not new.
Well put, Phyllis. Thank you.
@orrickle @GottaLaff And right there the reason for Elon and Bonespur's urgency to gut the IRS.