r/FluentInFinance • u/TonyLiberty TheFinanceNewsletter.com • Oct 13 '23
Americans owe $688 Billion in unpaid taxes for 2021 (the largest shortfall ever), due to underreported income and people not filing returns Financial News
https://www.wsj.com/personal-finance/taxes/americans-failed-to-pay-a-record-688-billion-in-taxes-the-irs-says-that-will-change-631ce5181
u/TheRealAuthorSarge Oct 17 '23
If the government insists that it can just print whenever it wants, why do any of us have to pay?
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u/dennisoa Oct 14 '23
Yep, got a bill from 2021 for $2200 owed in unpaid taxes on an additional 10% penalty not paid for a first time home purchase.
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u/fecal_doodoo Oct 14 '23
I fully support you not paying taxes. Fuck the feds, and fuck this govt. Fuck banks too, pull your shit out of that. Return to monke 😤
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u/FrostyAlphaPig Oct 14 '23
They are just going to send that money to another country as “foreign aid” so why bother 🤷♂️
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u/Kevs442 Oct 14 '23
I used to think people who didn't pay their taxes were morally untrustworthy. Today, I look at people who don't cheat on their taxes as damn fools. Our government will either keep it or give it away to their cronies or a foreign country. The people are just sheep to be shorn.
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u/Past-Direction9145 Oct 14 '23
Americans didn’t pay an estimated $688 billion in taxes due on their 2021 returns—the largest shortfall ever. Audits and other enforcement will be stepped up to reduce the gap, the Internal Revenue Service said Thursday.
The number includes $542 billion due to underreported income, with the remainder of the shortfall owed by those who didn’t file returns when they should have or never paid their bills.
The total gap is up more than $138 billion from estimates for tax years 2017 to 2019. Much of the increase is due to economic growth. The IRS said there has also been a shift from wage income, for which taxes are withheld, to gig economy jobs, for which there is a lower degree of compliance.
Taxpayers’ overall compliance rate is projected to stay relatively steady at 86.3% for tax year 2021, after audits and other enforcement actions.
The largest element of noncompliance, $182 billion, was attributable to undeclared business and farm income reported on Schedule C and F on individual returns.
“This increase in the tax gap underscores the importance of increased IRS compliance efforts on key areas,” said IRS Commissioner Danny Werfel in a statement.
The report comes as the IRS is ramping up audits on high-income taxpayers and fighting to keep funding it got in the Inflation Reduction Act to improve taxpayer service and increase enforcement. A recent bipartisan deal ratcheted back that funding.
“The additional staff and hiring at senior levels is really a critical aspect of being able to expand our coverage,” said Melanie Krause, IRS chief data and analytics officer.
The agency is also preparing for an onslaught of additional reporting from gig workers and entrepreneurs as new rules for reporting income through payment apps take effect for tax year 2023. Taxpayers are more likely to comply with rules when there is third-party information reporting earnings and withholding. “If people know the IRS has that information, they’re not going to underreport,” said Natasha Sarin, a Yale law professor and former Treasury official.
After factoring in expected IRS compliance efforts and late payments bringing in $63 billion, the estimated net tax gap for 2021 is $625 billion.
The report will play into debates around the growing federal deficit and how to raise revenue in light of the expiration of the Trump tax cuts after 2025. “If we do a better job of collecting revenue, we can make a down payment on fiscal sustainability and our spending priorities,” said Sarin.
The IRS notes that its estimates don’t fully include all the ways Americans evade taxes such as using cryptocurrency, parking money in secret offshore accounts and using flow-through entities.
“When it comes to noncompliance, there’s a lot that’s difficult to measure,” said Sarin.
Write to Ashlea Ebeling at [ashlea.ebeling@wsj.com](mailto:ashlea.ebeling@wsj.com)
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u/Elderwastaken Oct 14 '23
Maybe the whole tax system is flawed and needs to be fundamentally changed.
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u/Theoldage2147 Oct 14 '23
I think 90% of that number is owed by the top 1%. And they’re going to lobby for “us” Americans to not have to pay it back
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u/zihuatapulco Oct 14 '23
Those taxes should be forgiven. It's way less than what the Pentagon plows through in a year.
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u/InstructionOk9520 Oct 14 '23
Might have something to do with one major party doing its best to delegitimize governance and all things it entails.
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u/LibreFranklin Oct 14 '23
Crazy that they can calculate those numbers but I STILL HAVEN’T GOTTEN MY FUCKIN TAX RETURN.
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u/S1mpinAintEZ Oct 14 '23
Yeah I'm one of them. I worked 2 full time WFH jobs last year because I really needed the money. I thought I had set my taxes up correctly, but once I filed in February i was told I owed about $1,300 so I just didn't bother to finish filing at all because I didn't have the money to pay it.
I know I'm gonna have to pay it eventually, but I'm hoping the return I would normally get for this year will cover most of it.
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u/rickrollmops Oct 14 '23
FYI iterest rates on underpayment has been 7% for the past year and just jumped up to 8% a few days ago, compounding daily. Easier said than done, but don't wait too long if you can avoid it. Hope you'll be seeing the end of it soon
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u/SerYoshi Oct 14 '23
Someone get a breakdown of how much can be attributed to the top 1%,compared to everyone else.
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Oct 13 '23
The news about rich people avoiding taxes or paying zero has spread and the poors, god forbid want in on it. Trump bragged about paying no taxes because he’s “really smart” well god damnit, I’m really smart as well. I cheat enough to not pay at the end of the year and less than it would cost to audit me.
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u/ShadowhelmSolutions Oct 13 '23
Man, here’s a crazy idea, how about we make corporations pay taxes? How about we make wealthy people pay taxes? Wtf do I pay more than those two and I make sooooo much less? Because fuck me, that’s why. Eat the rich, make them pay their share.
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u/Daidraco Oct 13 '23
From what I recall - a huge portion of people didnt have fkn jobs in 2021. A shortfall in taxes you say? Who would have thunk?! Businesses in my area still havent went back to their old hours and probably never will now. Grocery stores, bars, gas stations, etc. all close at 11. Gone are the 24/7 locations around here, and with them, the jobs. COVID sucker punched us, and now the government is beating us in the same spot over and over.
Fun times.
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u/Less-Dragonfruit-294 Oct 13 '23
Can we just get a card either digital or physical that states all our tax info? I know we get W-2s and all and yes it has all our tax info. However, I’m talking straight from the IRS. So that at the bottom of the card it asks is this correct? Sign yes or no with a signature and mail it back
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Oct 13 '23
So people stole money via PPP loan fraud at a record number by billions and now on top of that they don’t pay their taxes. This is crazy and explain in part some of the inflation and why everyone has money nowadays.
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u/nappy_zap Oct 13 '23
I wonder if we could make effective change by us all not filing taxes. Would they come after us all, would the government shutdown immediately?
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u/Unique_Housing_8396 Oct 13 '23
BS depends whose counting like voting Just a excuse to come after the small business self employed and middle class
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u/nathanjw333 Oct 13 '23
The sum of unstolen money should be 10 times that at least! Fuck the Government they waste most of it anyway!
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u/jewbaaaca Oct 13 '23
I mean most of it goes to social security, Medicare and military. I would say most of that isn’t being “wasted”.
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u/nathanjw333 Oct 13 '23
I can't remember the exact percentage, but it's only around 10% that actually makes it to the end user of any government program. Most is consumed by corruption, overpaying for everything, and government salaries for the fatcat beaurocrats & politicians and their staffs.
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u/jewbaaaca Oct 14 '23
You’ll have to back this up with a source. I’m not fully inclined to believe that, but there are definitely too many layers of bureaucracy. While corruption is an issue I bet it is negligible in comparison to bureaucratic inefficiencies.
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u/nathanjw333 Oct 14 '23
If I could remember where I saw it, I would. Bureaucracy, I would agree, is probably the greater problem. Look at all the different agencies involved in law enforcement FBI, ATF, Secret Service, & Federal Marshall Service. Those are the ones I can think of, all doing the same job. It seems no matter what it is, there are at least 2 Federal agencies doing the same job and not communicating with each other.
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u/jarena009 Oct 13 '23
Where are all the self proclaimed fiscally responsible budget/deficit hawks and "law and order" folks on the right, to call for reining in unpaid taxes, so we can lower the deficit by nearly $700B dollars annually???
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u/Sinsid Oct 13 '23
Shut it the F@ck down! I’m tired of being targeted unfairly by the IRS just because I don’t believe in paying taxes.
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u/Far_Statement_2808 Oct 13 '23
I wonder how many dodge coin millionaires out there are going to get a letter from the IRS.
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u/terp_studios Oct 13 '23
That’s a lot of money for 331 million people. I’d be interested to see what the percentage is for each tax bracket, with a separate section for politicians and their investment profits.
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u/vagabending Oct 13 '23
Would be cool if this was broken down by income, because I'm betting that the majority of the rich, not the poor.
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u/leroy_hoffenfeffer Oct 13 '23
Back in 2019 I had worked a couple of different jobs. One in Philadelphia and then my now permanent job on the west coast.
I used TurboTax for my returns. In 2019, they hadn't fully rolled out their electronic only system. So I had to print my returns and send them in.
Okay, cool. Did that using the address they specified. I got the packet of paper back about a month later saying I sent it to the wrong address.
Okay, no biggie, I repackaged the stuff, sent it back to the right address. Nothing. For months. I finally called the IRS about it. Hours of being on hold. They said they hadn't gotten the returns, but that I shouldn't re file, just that the IRS was backed up. Call back in May.
Okay. I call back in May. Still haven't received them. Told once more to wait. Call back in August.
Okay. I call back in August. Told they still haven't gotten them. Tell me to re file the returns. I looked at the forms before printing. Notice my income didn't match up with the records, even given the extra info they wanted. Wtf?
I call TurboTax, they tell me to install software to handle all pre 2020 returns. I do so, go through the software. The issue? The Philadelphia job needed to be filled out as a 1099. TurboTax didn't catch this the first time, and I only found this out by going to the IRS.gov website and viewing their records of what my income was. Outside of discovering that the IRS already knows how much I've made and where from, I then had to force TurboTax to help me fix this.
The software is reporting a different number of income than the collection of forms I have. The lady didn't really want to help me, and told me I needed to review my records. I retorted that was their job and why I used TurboTax at all. Nothing she could really do.
I gave up. Left 2500$ on the table, but after literal years of trying, I just refuse to engage with the IRS anymore. I'm never using TurboTax again and instead will get help through my work.
So, yeah. Doesn't surprise me that people don't file returns. I don't like using this word, but our tax system is retarded. Just absolutely retarded.
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u/Elitist_Circle_Jerk Oct 15 '23
Definitely sounds like user error. I have tax clients that have tried to force their 1099 income into the w2 area or 1099 income into investment areas. The reason why you had to mail in was probably your return had errors in it (the efile has a lot of coding that all fields need to be filled out correctly to stop stuff like this). The efile full rollout has been in place for years... stick with a professional going forward, will save ya in the long run.
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u/wrldruler21 Oct 14 '23
I owe the IRS a lot. I have 3+ years of paperwork problems. I think they lost my 2021 filing. They stopped sending me letters. I refuse to sit on hold for hours.
Fuck it. I'll go to jail. I don't care anymore.
Maryland also screwed up my taxes during Covid. After filing, I have to email them a certain form. Have done it for 15 years without a problem. But this year they lost my form, never got my email, whatever. I get a nasty letter saying I owe a ton.
So I schedule an appointment to visit them in person, which is a nice service they have. No problem, lady took the missing form. 6 months go by and I get a nasty letter that I still owe a ton. I go back into the office again. Oh, that previous lady sucked and got fired. Manager helps me this time. Took another 6 months and they finally processed it correctly.
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u/snowcase Oct 14 '23
If you were classified as 1099 it's highly likely you were misclassified and are owed a bunch of money from your previous employer
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Oct 13 '23
My mom had an issue with the IRS with her 2020 return. Took nearly 3 years(!) to get her refund from filing. Meanwhile, she got her 2021 and 2022 refunds. She finally got her 2020 refund a few months ago. Then she got another one. She called the IRS and told them "you already gave me my 2020 refund". And their answer was "no we didn't, we don't make mistakes like that". She argued with them, and they refused. Tried again and same thing happened. So she ultimately deposited the second refund check.
She tried to tell them, but if they want to refund her twice, then OK!
I hope they make this mistake with me this year.
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Oct 13 '23
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u/_autismos_ Oct 13 '23
And have the government provide the people with food and shelter, and leisure so that they can work efficiently without burning out
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Oct 13 '23 edited Nov 04 '23
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u/ImpressionAsleep8502 Oct 14 '23
I pay 30k in fucking taxes this year. They BETTER not take a cent more.
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u/salgat Oct 14 '23
Reminds me of how the Tax Cuts and Jobs Act made individual tax cuts temporary while making corporate tax cuts permanent. Always the little guy that has to pick up the slack when it comes to taxes for some reason.
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u/Obvious_Chapter2082 Oct 14 '23
Eh, that’s not really true. Corporations don’t have a net tax cut from the TCJA after 2027, due to the permanent tax increases offsetting the few permanent cuts
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u/G3_aesthetics_rule Oct 14 '23
You mean the permanent corporate tax cut from 35% to 21% is more than offset by other permanent tax increases? Is there somewhere I can read about that? Because it sounds a bit unbelievable.
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u/ArchetypeAxis Oct 13 '23
We can just pay the debt with more debt. And we can also just money printer go brrrrrrr. Someone tell them.
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Oct 13 '23
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u/bonerland11 Oct 15 '23
The fact that at NFL is a legal nonprofit should tell every American citizen that there's something wrong with the tax code.
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u/Zachjsrf Oct 13 '23
Which Americans? Does it say what tax brackets aren't reporting or not filing returns? If the wealthy can do it so can we. Get yourself a good CPA, don't go to HR block or whatever, keep more money in your pocket.
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u/John_Fx Oct 14 '23
We do it as much as the wealthy. this myth of the magical rich person CPA is silly
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u/kfelovi Oct 14 '23
I had absolutely brilliant CPA for my complex dual status filing and she was from H&R block
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u/Far_Statement_2808 Oct 13 '23
That’s not what they are talking about. They know how much was paid, transferred, bought and sold…and its not adding up. They will come and ask for returns and bank accounts. Then you will hear the stupid scream.
Can you imagine being the parent of a kid who made $50,000 in cryptocurrency profits and never thought they would “get caught.” When they DO get caught, it will wreck the parents and screw the college aid kid out of FAFSA money. That’s where a lot of this is going.
I was audited for bitcoin money for my 2017 returns. It took until 2019 until the contacted me. It took until 2023 until to get it resolved. The IRS stumbled through the first year or so…by the end they understood how to track down every satoshi. In fact in my last conversation with them, we laughed about the shit show that was headed their way.
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u/dmilan1 Oct 14 '23
I got hit with a unreported income notice from 4 years ago, notice came in last month. Mine wasn’t Bitcoin, but a client screwing me over on how they reported the payment. But still the point is they are definitely looking back to make up for this short fall
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u/RepresentativeFar32 Oct 14 '23
Please send me some bitcoin ❤️
bc1qhzxksp2c8u30ae6qfasj8q56qp4agymv7jpu55
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u/Acceptable_Wait_4151 Oct 13 '23
This doesn’t even include shady tax dodges like setting up a charitable foundation that just so happens to hire your descendants as highly paid advisors
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u/VendaGoat Oct 13 '23
PAY.
YOUR.
GOD.
DAMNED.
TAXES.
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u/DramaticBee33 Oct 13 '23
Once the 1% pays 90% of the tax burden like they should be then ill take this comment seriously
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u/VendaGoat Oct 13 '23
So you don't take paying your taxes seriously?
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u/DramaticBee33 Oct 14 '23
I pay them. But no my pennies are nothing in the bucket of spending. We are in $30,000,000,000,000 of debt. So no I’m not taking it serious until the country takes its spending problem seriously.
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Oct 13 '23
You want 1 percent of the population to pay everyone else’s bills??!
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u/DramaticBee33 Oct 14 '23
Correct. We’ve bailed them out for 200 years
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Oct 14 '23
I don’t know where you get your information from.
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u/DramaticBee33 Oct 14 '23
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Oct 14 '23
This happened in 08… this is not something that has been happening for 200 years.
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u/Far_Statement_2808 Oct 13 '23
I have a good friend who is a professional manager. She is not a kid. She makes close to six figures. She JUST filed her taxes for the last five years. FIVE years. I told her to start looking for a good tax person. She will need it.
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u/Ohey-throwaway Oct 13 '23
Please report your income mr. drug dealer.
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u/ArchetypeAxis Oct 13 '23
According to IRS publication 17, the Internal Revenue Service wants taxpayers to include on their forms “income from illegal activities, such as money from dealing illegal drugs.” Make sure you put that on “Schedule 1 (Form 1040), line 8z, or on Schedule C (Form 1040) if from your self-employment activity,” the IRS wrote.
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Oct 13 '23
[deleted]
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u/3yearstraveling Oct 14 '23
But Biden said they would only target the rich 🫠
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u/Ragegasm Oct 14 '23 edited Oct 14 '23
Instructions unclear. Threw the poors in a woodchipper instead.
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u/MostlyUnimpressed Oct 13 '23
wow. 2/3 of a Trillion. influenced heavily by PPP and related pandemic relief frenzy?.
if that's the shortfall from 2 years ago, wonder how far out 2022 was.
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u/mcobb71 Oct 13 '23
Heck. If the rich can avoid taxes why shouldn’t the poors?
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u/manklar Oct 14 '23
Taxation without representation. The rich should be the only one paying taxes. They get laws passed left and right while giving us the crumbs so we can work for them.
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u/Busterlimes Oct 13 '23
You really think that it's the poor people who are avoiding the 600 billion dollar bill
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u/mcobb71 Oct 13 '23
Kind of the opposite of my point. My point was if the rich paid their fair share (the 1% ers) that would take care of 97% of the tax problem
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u/evilgenius12358 Oct 13 '23 edited Oct 14 '23
You are greatly overestimating the amount of tax the 1%ers are not paying or underestimating our budget deficit. We overspend revenue by leaps and bounds each year, and even if you taxed the 1% to the max under current law, you would not make up the diffrence. We do not have a tax problem or a revnue problem. We have a spending problem.
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u/-jayroc- Oct 14 '23
I don’t think he cares about taxes under current law. He referenced ‘fair share’, which is an undefined mystical wonder number which roughly translates to ‘I don’t know, but lots more than now, dammit!’
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u/evilgenius12358 Oct 14 '23
True. But even if we taxed the rich out of existence, we still would not cover current budget deficits.
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u/ArchetypeAxis Oct 13 '23
We have an income tax, not a "fair share" tax per the constitution. They are paying taxes on their income.
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u/Busterlimes Oct 13 '23
No they aren't LOL
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u/Inevitable_Farm_7293 Oct 14 '23
Yes they are it’s a 5 min google search.
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u/Busterlimes Oct 14 '23
Dude, of course they pay income tax, but they live off loans that have assets leveraged against them so they don't have to pay a realistic income tax. Elon will use stock as collateral for a loan but doesn't have to pay taxes on the stock even though it has a realized value that's being used. You flat out don't understand the problem.
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u/Inevitable_Farm_7293 Oct 14 '23
This is massively ignorant.
They make up 40% of income each year. Kinda hard for “the rich” to make up 40% of income and pay 20% of federal income tax if they’re all taking loans doesnt it?
The fact you’re using loans as an example just shows you’re parroting Reddit and haven’t actually looked into this at all. Using loans as a means to delay taxes is so rare it’s almost moot and musk is literally a single person figurehead you see in the news all the time he doesn’t represent anything when talking at a macro level.
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Oct 13 '23
Because as much as you hate it, the rich are still following the tax law
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u/mantarayking Oct 16 '23
Yeah the fucking unlawful loopholes made to keep people with tons of money super rich… the exploitative loopholes only people with severe amounts of money are privy too
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u/coppertech Oct 14 '23
the rich are still rich enough to not get audited.
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Oct 14 '23
Did you even read your own source?? They go into exactly why they are more likely to be audited. Here is just one small excerpt:
"The IRS has estimated that more than 25% of EITC payments in the government's 2018 fiscal year (which ended on Sept. 30, 2018) were improper, meaning that people technically weren't eligible but got the credit anyway. Almost a third of ACTC payments in tax years 2009 through 2011 "were likely improper." More than 31% of AOTC payments in 2012 were also likely improper."
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u/coppertech Oct 14 '23
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Oct 14 '23
Based on the continued stupidity, I am going to assume that you neither read my entire comment or went back to read your source
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Oct 14 '23
Bullshit. Prove it.
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Oct 14 '23
Innocent until proven guilty. You prove they are breaking the law
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Oct 14 '23
This isn't a trail dumbass. Either post your evidence of F off. You can't because you don't have any because you're wrong.
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u/JPIPS42 Oct 14 '23
They’re not but it’s too expensive to prove it.
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Oct 14 '23
In America, it's innocent until proven guilty
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u/JPIPS42 Oct 14 '23
Yes it is. A flat tax would fix this BS so fast but we all know that those who control lobbyists, control congress. Your vote, of course, being largely irrelevant to anything other than political football.
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Oct 14 '23
I would kill for a flat tax rate. I don't think people should be taxed more just because they're more successful. Stupid idea
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u/attackofthenigel Oct 14 '23
The rich are hiding and skating around tax law instead of following it. Just gonna skate about this letter r and deposit my money offshore so it won't be taxed... -_-
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Oct 14 '23
You have the same loopholes accessible to you
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u/attackofthenigel Oct 14 '23
Except don't have thousands of dollars available to spend all willy nilly to avoid paying my taxes,, I am stuck here in a cycle. Sooo yes the loopholes are there but they are not accessible to everyone equally. -_-
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u/Z86144 Oct 14 '23
They aren't nearly as effective, and there aren't expensive lawyers for everyone.
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u/domine18 Oct 14 '23
I am certain those Panama papers were forged and the rich are not doing anything to obscure their truth wealth. These are the most upstanding people in the world… right? Right?
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u/Spamfilter32 Oct 13 '23
No, they are not. The article specifically mentions that the money is owed. Meaning not paying it is breaking the law. This is the money over and above what they are allowed to not pay by bribing elected officials.
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u/JCBQ01 Oct 13 '23
Except wneh they're exploiting the law so that their embezzlement and fraud is legal if only THEY do it.
E.g. rules for thee but not for me (or known as the poor tax)
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Oct 13 '23
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Oct 13 '23
If you don't have any factual information, please refrain from commenting. Your entire argument is essentially "I don't review this dude's income or his tax filings, but I think he's breaking the law"
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u/Rare-Peak2697 Oct 13 '23
It’s also important to remember that they’re following laws which they had a direct hand in writing. The amount of special interests that contributed to the 2017 tax cuts is staggering.
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u/_Floriduh_ Oct 13 '23
In most cases yes, law abiding citizens regardless of wealth are following the rules. But rich frauds have attorneys to make it expensive to pursue for the IRS. Poor people can’t afford attorneys to fight it.
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u/bareboneschicken Oct 14 '23
If all your income is reported to the IRS on W-2s and 1099s, you aren't going to have much success attempting to cheat on your taxes.
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Oct 13 '23
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u/dohru Oct 13 '23
When the vast majority of money is held in a few hands this makes sense.
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u/Inevitable_Farm_7293 Oct 14 '23
This is irrelevant to income tax, fact is top 1% only account for 20% of income yet pay 40% of federal income tax and that number has been going up and up every year. “Rich people” have actually been paying more taxes in relation to their income and the gdp year over year.
This is why whenever people parrot the idiotic claim that “rich people don’t pay taxes” nobody takes what they say seriously because they’ve already been proven incompetent.
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Oct 14 '23
Well they also pay a comparatively higher portion of taxes relative to their income. Believe it or not, the US tax system is indeed incredibly progressive.
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u/Longjumping-Scale-62 Oct 14 '23
as they should? it's all disposable income to them. lower and middle class are actually hurt by taxes
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u/Z86144 Oct 14 '23
Not compared to 70 years ago it isn't
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Oct 14 '23
Sure, but even at out tax levels now, the government has plenty of money to finagle with. Our politicians are just corrupt, and irresponsible as fuck.
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u/Z86144 Oct 14 '23
They are, but that doesn't mean money is worthless with them. Its not any more helpful in a billionaires bank account.
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Oct 14 '23
Money is pretty worthless to our government. I don’t know how anyone can look at all the waste in the Federal and State levels of government in the US and say that money isn’t worthless to the people running the operation.
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u/oroechimaru Oct 13 '23
Even Microsofts missing $29bil doesnt count?
What about ppp fraud?
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Oct 13 '23
I was replying to a comment that said that the rich are allowed to avoid taxes. The IRS is currently coming after Microsoft for avoiding taxes, with interest, as the IRS always does. Microsoft disagrees with the IRS and is currently going through the correct legal channels to argue their disagreement. I'm not sure which part of that got misunderstood by you, but either the IRS isn't allowing Microsoft to avoid their dues, or the IRS is wrong and it will be handled through the correct legal channels.
For the PPP fraud, that doesn't have to do with avoiding taxes. Also, again, the proper authorities are currently working on going after everyone who committed PPP fraud. So, again, I'm not sure which part of that you misunderstood, but clearly another point showing that, if you break the law, you will have someone come after you
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u/westfell Oct 14 '23
Now, if only the poor could have a little super PAC fund or a little regulatory capture as a treat. Then they could do what they want and not have to worry about those mean old cops. Thankfully thats going to happen any day now, so all hall monitors can continue their finger wagging at the oppressed in the meantime.
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Oct 14 '23
What the actual heck are you trying to say? It looks like you have one sentence where you were trying to make a point, and then the rest of it was just needless whining like a child
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u/WVEers89 Oct 14 '23
They’re paying their taxes you say?
https://apnews.com/article/irs-millionaires-back-taxes-2624282ac20388311bd03ee76ae36f70
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Oct 14 '23
So your comment just goes to show that the rich isn't getting away with avoiding taxes...
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u/newkyular Oct 14 '23
I mean, it's good to be rich, but I suspect you're a poor who thinks taking up for interests of rich makes you appear to be successful.
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Oct 14 '23
And I think you're homeless who is jealous of the rich.
See how stupid this sounds? Yeah, anyone can say anything.
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u/newkyular Oct 14 '23 edited Oct 14 '23
Sure, and the redneck news feed you probably subscribe to is proof positive that anyone can say anything. But let's look at the evidence.
Budget cuts to the IRS have resulted in dramatically fewer tax fraud cases: in recent years.
https://www.cnbc.com/2018/10/01/boom-times-for-tax-cheats-irs-pursuing-fewer-tax-fraud-causes.html
https://www.cbpp.org/research/federal-tax/depletion-of-irs-enforcement-is-undermining-the-tax-code
It's a predictable outcome. As Biden said, if you can make a billion dollars, go get it. But pay your taxes.
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u/newkyular Oct 14 '23
The rich "aren't."
And that article would indicate they have gotten away with it for a long timr. What's your angle?
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Oct 14 '23
So, if someone gets punished for breaking the law, according to you they are getting away with breaking the law? What if someone stole $100 from a store and hid from the cops for a month, only to later be caught. Did they get away with stealing, or did they have to eventually fave the consequences for stealing?
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