Quote:
Originally Posted by Adder
No, it was the last guy who repeated BS he heard on tv that people inexplicably took seriously.
This one just gets in trouble with his mouth.
You really need to be more selective in your news sources and/or more skeptical of silly right wing talking points.
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Look up where the audits had been targeted over the past 20 years. EITC was one of the most frequent.
There's a narrative out there that the country is awash in massive super-wealthy cheats - Swiss accounts, hidden crypto, Panama, etc. But this stuff is rounding errors. What'd they get when the Swiss dimed out US citizens with hidden foreign accounts a few years back? Five, ten billion? Not chump change. But also not much more than a day's (if that) worth of interest on our debt.
They're coming for everyone, above $400k and below. Because that's where the most money is located. We could punitively tax the Forbes 400 crowd at 50% for a year and the money wouldn't be terrifically impressive. To make this work, they've gotta make everyone a target. Terrible for small business. Jacks compliance costs. Great for accountants.
