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“Inflation Reduction” Act
#15
My understanding is that that the 78 billion dollars for IRS expansion is spread out over 10 years in which approximately half of the current 78,000 IRS employees are expected to retire within the next 5 year. At the end of the 10 years, when accounting for retirements over those 10 years, the net increase in employment is expected to be about 30,000 employees. So 10 years from now, the IRS will be 100,000 people rather than 78,000 people. And those new hires won't exclusively be auditors, as there are other positions at the IRS as well (customer service, IT, etc). So, with any luck, this expansion will make filing taxes easier for the average person because there will be more support readily available from the IRS (as opposed to having to sit on the line for hours if you have a simple question).

For me personally, I've never run the risk of being audited because my taxes are really simple (W2, some donations, some investments, nothing too complicated). I think this will make life harder for the lawyers of big businesses that specialize in exploiting tax loopholes so that they don't have to pay any or as much taxes.

I consider that a good thing. Hopefully, conservatives view stopping scammers from being able to scam as a good thing as well.
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Messages In This Thread
RE: “Inflation Reduction” Act - treee - 08-18-2022, 01:54 AM
RE: “Inflation Reduction” Act - CJD - 08-18-2022, 02:27 PM
RE: “Inflation Reduction” Act - CJD - 08-19-2022, 10:04 AM
RE: “Inflation Reduction” Act - CJD - 08-19-2022, 12:16 PM
RE: “Inflation Reduction” Act - CJD - 08-18-2022, 09:54 AM
RE: “Inflation Reduction” Act - CKwi88 - 08-18-2022, 04:41 PM
RE: “Inflation Reduction” Act - pally - 08-18-2022, 04:47 PM
RE: “Inflation Reduction” Act - ATOTR - 08-21-2022, 12:31 PM
RE: “Inflation Reduction” Act - ATOTR - 08-21-2022, 01:24 PM
RE: “Inflation Reduction” Act - ATOTR - 08-22-2022, 08:45 AM
RE: “Inflation Reduction” Act - ATOTR - 08-21-2022, 07:01 PM
RE: “Inflation Reduction” Act - GMDino - 08-21-2022, 07:12 PM
RE: “Inflation Reduction” Act - Dill - 08-22-2022, 03:17 PM

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