i pay mine

you pay yours

WASHINGTON (AP) — The IRS announced on Friday it is launching an effort to aggressively pursue 1,600 millionaires and 75 large business partnerships that owe hundreds of millions of dollars in past due taxes.

IRS Commissioner Daniel Werfel said that with a boost in federal funding and the help of artificial intelligence tools, the agency has new means of targeting wealthy people who have “cut corners” on their taxes.

“If you pay your taxes on time it should be particularly frustrating when you see that wealthy filers are not,” Werfel told reporters in a call previewing the announcement. He said 1,600 millionaires who owe at least $250,000 each in back taxes and 75 large business partnerships that have assets of roughly $10 billion on average are targeted for the new “compliance efforts.”

Werfel said a massive hiring effort and AI research tools developed by IRS employees and contractors are playing a big role in identifying wealthy tax dodgers. The agency is making an effort to showcase positive results from its burst of new funding under President Joe Biden’s Democratic administration as Republicans in Congress look to claw back some of that money.

“New tools are helping us see patterns and trends that we could not see before, and as a result, we have higher confidence on where to look and find where large partnerships are shielding income,” he said.

A team of academic economists and IRS researchers in 2021 found that the top 1% of U.S. income earners fail to report more than 20% of their earnings to the IRS.

The newly announced tax collection effort will begin as soon as October.

“We have more hiring to do,” Werfel said. “It’s going to be a very busy fall for us.”

The federal tax collector gained the enhanced ability to identify tax delinquents with resources provided by the Inflation Reduction Act, which Biden signed into law in August of 2022. The agency was in line for an $80 billion infusion under the law, but that money is vulnerable to potential cutbacks by Congress.

House Republicans built a $1.4 billion reduction to the IRS into the debt ceiling and budget cuts package passed by Congress this summer. The White House said the debt deal also has a separate agreement to take $20 billion from the IRS over the next two years and divert that money to other non-defense programs.

With the threat of a government shutdown looming in a dispute over spending levels, there is the potential for additional cuts to the agency.

here's my take on the not too distant future



Trump cannot win, he's too univerally hated, worse than Hillary

Biden will not win unless he faces Trump



so what i would do if i were a republican is pick some else other than the big fat basted pig boy

but that ain gonna happen they are super enthused with his idiocy



so it don even matter

democrats win

Something like 15-20% of dems think that Biden made the economy worse.
Wadda country.
Unemployment - greatest president of all time.
Stock market - solid
recession - not
inflation - lowest of all of the industrial nations since covid
job creation - the greatest president of all time
infrastructure - I guess greatest of all time
Making chips here - he did it
new manufacturing jobs here - he is the best

if Trump runs - Joe runs
If Trump can’t run - Joe gets primaried or he just yields because the reds have no monopoly on brainlessness.

Posted by bagchucker3 on 9/8/2023 11:57:00 AM (view original):
here's my take on the not too distant future



Trump cannot win, he's too univerally hated, worse than Hillary

Biden will not win unless he faces Trump



so what i would do if i were a republican is pick some else other than the big fat basted pig boy

but that ain gonna happen they are super enthused with his idiocy



so it don even matter

democrats win

You make a lot of sense.

scary when baggie is making a lot of sense!!

Posted by wylie715 on 9/8/2023 7:20:00 PM (view original):
scary when baggie is making a lot of sense!!

Actually I usually agree with him.

that's even scarier

that's because the people who support Biden are not members of a cult.

we're gonna find out how big a palestine slice is in the democrat pie

supposedly, kids like the green and red



they may well primary old joe

but then where they gonna go?

to vote trump is to stick a knife in the sh*theel state of hamas

either way, the green and the red is a dead end street

Only highlights the failure of the American education system. A fairly large portion of these imbeciles marching in support of Palestine would be murdered by the Palestinians because of their lifestyle choices.
The irony is quite grand.

Posted by bruceleefan on 11/15/2023 7:51:00 AM (view original):
Only highlights the failure of the American education system. A fairly large portion of these imbeciles marching in support of Palestine would be murdered by the Palestinians because of their lifestyle choices.
The irony is quite grand.

Bingo - don’t get me started. They don’t even know when Islam began - it would shock them and they don’t realize that Israel is the land of the bibles and the Koran confirms this also.

The bottom line is that Jews are the most hated people on earth and are not allowed a homeland or the right to defend themselves.

It is even a great accomplishment that if the figures are true and who knows - that only 10,000 “civilians” - how many were Hamas - died in such intense fighting in such a densely populated place. It would have been much less if they moved south.

booshy

you got a homeland and you are defending it

your homeland like all homelands rests on the carcas of pre-homies

unfortunately for you, your pre-hymies are still alive and kickin

so genocide city if that's how it's got to be

Posted by bagchucker3 on 11/15/2023 9:54:00 AM (view original):
booshy

you got a homeland and you are defending it

your homeland like all homelands rests on the carcas of pre-homies

unfortunately for you, your pre-hymies are still alive and kickin

so genocide city if that's how it's got to be

Like clockwork. And there was no pre

The guy above will always predictably come up with some type of slur ridden antisemitic remark within a few minutes of one of my posts defending Jews and or Israel. I rarely acknowledge him but I have done so today for the sake of the naive.