About those 87,000 new IRS "Agents"

[Bill in NC]

pdq wrote:
[quote=mattkime]
[quote=macphanatic]
It's time to end the mortgage deduction

Hasn't that one essentially been phased out?
No but Trump tightened the limits on it, mostly as an FU to places with high real estate values (ie Blue states), along with limiting deductions on State and Local taxes (for the same reason).

For a lot of people, it now makes more sense to take the standard deduction. But, for instance, we still itemize.
Yep, it really simplified filing taxes for most who will simply use the standard deduction but penalized those living in higher-cost states.

[Mr645]

RgrF wrote:
If done properly, any money spent on collection of taxes from non paying entities (mostly million & billionaires like Trump) will return enough to reduce taxes for others.

Not that I have confidence it will be done properly.

so 87,000 agents to audit 927 Billionaires.
And then there is the 1099K being filed by Venmo, PayPal etc for anyone receiving over $600 total in the year.

[DeusxMac]

Mr645 wrote:
so 87,000 agents to audit 927 Billionaires.

:RollingEyesSmiley5:
YOU are the only one making the completely ludicrous claim that all the “87,000 agents” are solely for auditing “927 Billionaires”.

And for the record, there are around 22,000,000 Millionaires in the U.S. currently. To help you with the math, that would be 253 millionaires for each one of those 87,000 agents to “audit”; if it actually worked the way you seem to think it does. It doesn’t!

[Mr645]

DeusxMac wrote:
[quote=Mr645]
so 87,000 agents to audit 927 Billionaires.

:RollingEyesSmiley5:
YOU are the only one making the completely ludicrous claim that all the “87,000 agents” are solely for auditing “927 Billionaires”.

And for the record, there are around 22,000,000 Millionaires in the U.S. currently. To help you with the math, that would be 253 millionaires for each one of those 87,000 agents to “audit”; if it actually worked the way you seem to think it does. It doesn’t!
No, I think most of the 87,000 agents will be more concerned with all the Americans receiving $600 on Venmo

[Mr645]

DeusxMac wrote:
[quote=Mr645]
so 87,000 agents to audit 927 Billionaires.

:RollingEyesSmiley5:
YOU are the only one making the completely ludicrous claim that all the “87,000 agents” are solely for auditing “927 Billionaires”.

And for the record, there are around 22,000,000 Millionaires in the U.S. currently. To help you with the math, that would be 253 millionaires for each one of those 87,000 agents to “audit”; if it actually worked the way you seem to think it does. It doesn’t!
having $1 millon? Practically middle class these days. Got to go after them too, someone has to pay for my student loans

[AllGold]

Mr645 wrote:
[quote=DeusxMac]
[quote=Mr645]
so 87,000 agents to audit 927 Billionaires.

:RollingEyesSmiley5:
YOU are the only one making the completely ludicrous claim that all the “87,000 agents” are solely for auditing “927 Billionaires”.

And for the record, there are around 22,000,000 Millionaires in the U.S. currently. To help you with the math, that would be 253 millionaires for each one of those 87,000 agents to “audit”; if it actually worked the way you seem to think it does. It doesn’t!
No, I think most of the 87,000 agents will be more concerned with all the Americans receiving $600 on Venmo
What you think has no relation to reality.

[RgrF]

Mr645 wrote:
[quote=DeusxMac]
[quote=Mr645]
so 87,000 agents to audit 927 Billionaires.

:RollingEyesSmiley5:
YOU are the only one making the completely ludicrous claim that all the “87,000 agents” are solely for auditing “927 Billionaires”.

And for the record, there are around 22,000,000 Millionaires in the U.S. currently. To help you with the math, that would be 253 millionaires for each one of those 87,000 agents to “audit”; if it actually worked the way you seem to think it does. It doesn’t!
No, I think most of the 87,000 agents will be more concerned with all the Americans receiving $600 on Venmo
If you don't have tax collectors like the IRS, you don't have taxes.
If you don't have taxes, you don't have a country.
Which is, you should by now realize, the plan.

[Lux Interior]

AllGold wrote:
[quote=Mr645]
[quote=DeusxMac]
[quote=Mr645]
so 87,000 agents to audit 927 Billionaires.

:RollingEyesSmiley5:
YOU are the only one making the completely ludicrous claim that all the “87,000 agents” are solely for auditing “927 Billionaires”.

And for the record, there are around 22,000,000 Millionaires in the U.S. currently. To help you with the math, that would be 253 millionaires for each one of those 87,000 agents to “audit”; if it actually worked the way you seem to think it does. It doesn’t!
No, I think most of the 87,000 agents will be more concerned with all the Americans receiving $600 on Venmo
What you think has no relation to reality.
But it just "feels" true!

lol.