Well, Manchin and Sinema sold out and the democrats (with Vice President Harris voting to break the tie) successfully passed their hilariously-named “Inflation Reduction Bill.”
Beyond the deluge of dollars going to regulate the planet’s climate and to fund every left-wing cause, there is one other really key detail, which Raheem Kassam puts into the correct perspective. Read it, and look forward to your own next audit.
Internal Revenue Service (IRS) commissioner Charles P. Rettig told Congress his agency wouldn’t increase audits on households earning less than $400,000 after being handed circa 87,000 more agents in the Orwellianly-monikered Inflation Reduction Act hurried through the U.S. Congress this weekend.
Which means they absolutely will be doing that, if historical promises by agency heads in front of the lawmakers they pretend to answer to are anything to go by. And they are.
In other words, they just used your taxes to increase your taxes so they could hire 87,000 IRS agents to rifle further through your taxes in case you owe more taxes.
IRS estimates (which we know are always excellent) reveal supposedly uncollected taxes of around $1trn each year. Or, as I like to call it, one-eighth of a “war on terror.”
Can you imagine how many nuclear drag queens, beagle experiments, or foreign abortions your government could (and will) buy with that cash?
Be a sport and help keep your fellow citizens informed of this scorching hot mess of a bill:
Indeed 87,000 new IRS agents is greater than the number of people living in Biden’s home town of Wilmington, Delaware (71,000, I’m reliably informed).
Even Senator Susan Collins has pointed out this move “more than [doubles] the size of the agency and [gives] the IRS more employees than the number of Pentagon, State Department, and FBI employees as well as Border Patrol agents combined.”
Democrats have been keen to pursue this strategy of spending (your) money to make (more) money (off you) for a while. …
IRS rules, like all regulations, are commonly ambiguous when applied to reality. If interpreted in your favor, hurrah! you get a tax deduction. Interpreted the other possible way, you cheated the government, you owe taxes and penalties.
The auditing process works like this. The regional office sends out the auditor. His or her job in reality consists of making the IRS money by interviewing you, going over your return with a fine tooth comb, disallowing deductions you took, and assigning interest, possibly along with penalties. The auditor is not your friend. He has a job to do, i.e. he is there to get more money out of you.
You can play it two ways. You can get indignant, stand up for your rights as a free American, argue with his decisions and pledge to fight, or you can appear confused, innocent, and dismayed. “How could I have made such a mistake?” If you are humble, cooperative, and apologetic, you’ll wind up paying the disallowed deductions plus interest. If you are hostile and belligerent, that auditor will look again and find more ways to screw you over, and you’ll get penalties on top of that interest. If you are enough of a pain in the ass, they’ll prosecute you and put you in jail.
An awful lot of Americans, not far down the road, are going to experience being audited for the first time.