The IRS has announced that it’s “too expensive” to audit the rich. Affluent taxpayers, the 1%, are too well protected from government intrusion. Their tax returns are complex and take more time and more experienced auditors to review them. The IRS then has to pay these more experienced auditors a higher price to audit those larger accounts. It’s become an expensive hassle for them. They encounter resistance from the teams that the affluent have behind them to defend them from the IRS. So, what is their solution?
Target the poor.
It is easier and cheaper for the IRS to go after the working class.
As if the struggling working class in this country doesn’t have enough to deal with, watch out for Big Brother! Because lower-income families have fewer resources to guard their finances, the IRS finds it a “better use of their resources” to target the poor instead of the wealthy. Because the wealthy have the means to fight back against government intrusion aka well-paid attorneys and accountants, the IRS has decided that any effort to monitor the “haves” is not worth their time. They will instead focus on the “have nots,” or the poor working and middle class.
It’s easier and cheaper to go after the poor and audit them. Those who make less money have fewer defenses to combat the IRS and their returns are simpler. It requires less expense and effort from the IRS to go after a much more fragile portion of our economy – the working poor.
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This is so wrong, but so true.
ReplyDeleteAbsolutely true!
ReplyDeleteThese government workers are only interested in ONE thing, and that is "closing the case".
I know this from experience.
I was called in for a meeting concerning my return. I lost a days' pay; I travelled two hours; then sat in the waiting room for over an hour, and was in the reviewer's office for about 45 minutes.
Why? I owed $279.45. (Yes, they wanted the .45 cents, too.) I was not told the amount in discrepancy until I arrived at the office.
The case was closed.
They are duped with the payday Refund mentality. The point is to keep your money earning for YOU as long as you can and don't give it to them until you absolutely have too even it means no refund. I wonder how many moderate income people invest or save that refund. It's not a bonus or a savings plan it was your money in the first place taken from you invested and your refund amounts to the interest. It takes money to generate the reality of states and roads and municipalities just like running Disney World and the price of a ticket. I buy properties not to flip but just let them rot sell them and write them off as a loss for years against my personal professional income. It's all a game. I am not looking for a refund. No one should be.
ReplyDeleteWow 716 you are so smart. You write them off but you are losing more than you're saving. Smart
Delete@7:16 I can't believe you took the time to post this! You do realize that the interest and penalties you are charged are far more than the little 2-3% interest you might be getting on such a small amount of money, here's your sign!!
DeleteAddresses, family ties and such of IRS scofflaws are all available online. Lets see who targets who in the future...
ReplyDelete2 sets of laws.
ReplyDelete