CURRENT EVENTS May 22 - July 5

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ZZLPHeels said:
I still have yet to see a single case of an American ever being “hunted down” by an IRS agent. Why do you support tax fraud?
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I'm not advocating tax fraud. I'm wondering why the dems would pass legislation to hire that many irs agents, and worry about peoples venmo transactions.
 
  • The IRS estimated the gross tax gap for tax year 2022 to be $696 billion.
  • After accounting for late payments and enforcement, the net tax gap for 2022 was projected to be $606 billion.
  • For tax years 2014 through 2016, the average annual gross tax gap was estimated at $496 billion, representing 15% of the true tax liability.

  • Limited IRS Resources: Insufficient funding and staffing can hamper the IRS's ability to enforce tax laws and conduct audits effectively.
  • Underreporting of Business Income: Income from pass-through entities (e.g., sole proprietorships, partnerships) is often underreported due to less third-party verification.
 
By cutting so many IRS agents it makes it easier for people like Trump to commit tax fraud, which is why so many of them have been let go. We had that many IRS agents because that's how many were needed for the agency to properly do its job. Sharply cut those numbers and it gets a lot harder. As usual Trumpers are asking the wrong question - it's not why did Democrats want so many IRS agents, it's why do Republicans want to slash their numbers so much.
 
Mulberry Heel said:
By cutting so many IRS agents it makes it easier for people like Trump to commit tax fraud, which is why so many of them have been let go. We had that many IRS agents because that's how many were needed for the agency to properly do its job. Sharply cut those numbers and it gets a lot harder. As usual Trumpers are asking the wrong question - it's not why did Democrats want so many IRS agents, it's why do Republicans want to slash their numbers so much.
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Very misleading. The additional irs agents were added while the current staff was already 78,000. So the size practically doubled. It beome larger than some agencies combined. And the threshold for third party online payments before an audit was triggered was lowered to $600. Before it was 200 transactions and $20,000.
 
Silence Dogood said:
I'm not advocating tax fraud. I'm wondering why the dems would pass legislation to hire that many irs agents, and worry about peoples venmo transactions.
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They passed that legislation because the IRS was short hundreds of thousands of personnel, and as a result the federal government was unable to collect huge amounts of money that were owed to it.
 
ZZLPHeels said:
They passed that legislation because the IRS was short hundreds of thousands of personnel, and as a result the federal government was unable to collect huge amounts of money that were owed to it.
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Lol, you're lying. It was never short hundreds of thousands! You're making things up.
 
Mulberry Heel said:
By cutting so many IRS agents it makes it easier for people like Trump to commit tax fraud, which is why so many of them have been let go. We had that many IRS agents because that's how many were needed for the agency to properly do its job. Sharply cut those numbers and it gets a lot harder. As usual Trumpers are asking the wrong question - it's not why did Democrats want so many IRS agents, it's why do Republicans want to slash their numbers so much.
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Meanwhile Joe Q Red State voter believes that IRS is going to be kicking down their door to cut open the mattresses and steal the $200 stashed in there for "tax evasion" when in reality they raised the standard deduction so high that your average tax payer doesn't even have the chance to cheat on their taxes in a way that isn't a rounding error to the IRS.
 
altmin said:
Meanwhile Joe Q Red State voter believes that IRS is going to be kicking down their door to cut open the mattresses and steal the $200 stashed in there for "tax evasion" when in reality they raised the standard deduction so high that your average tax payer doesn't even have the chance to cheat on their taxes in a way that isn't a rounding error to the IRS.
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Why were they worried about $600 venmo transactions?
 
Silence Dogood said:
Why were they worried about $600 venmo transactions?
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The agency, its mission and statutory authority | Internal Revenue Service

Review the IRS mission statement and statutory authority.
www.irs.gov www.irs.gov

The IRS mission​

Provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all.

This mission statement describes our role and the public’s expectation about how we should perform that role.
  • In the United States, the Congress passes tax laws and requires taxpayers to comply.
  • The taxpayer’s role is to understand and meet his or her tax obligations.
  • The IRS role is to help the large majority of compliant taxpayers with the tax law, while ensuring that the minority who are unwilling to comply pay their fair share.
 
About two weeks ago, I unblocked all the users that I had previously blocked because they never posted any rational thoughts, but instead posted stuff that could have been lifted, verbatim, from Stormfront. That was a mistake on my part. I grew-up in rural Eastern North Carolina. I know what's on Stormfront. I heard it every day when I was growing up. It was BS then and it's BS today. Not my day, not my perspective, nor my outlook on life have been widened or bettered by hearing the same stuff spouted here that I heard Klansmen shout in the streets when I was growing up.
 
lawtig02 said:

The agency, its mission and statutory authority | Internal Revenue Service

Review the IRS mission statement and statutory authority.
www.irs.gov www.irs.gov

The IRS mission​

Provide America's taxpayers top quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all.

This mission statement describes our role and the public’s expectation about how we should perform that role.
  • In the United States, the Congress passes tax laws and requires taxpayers to comply.
  • The taxpayer’s role is to understand and meet his or her tax obligations.
  • The IRS role is to help the large majority of compliant taxpayers with the tax law, while ensuring that the minority who are unwilling to comply pay their fair share.
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Lol couldn't truthfully answer huh? Hard to defend the last administration
 
$600 is the IRS threshold for a 1099 to be issued by the payer, hence income of over $600 from Venmo (who is the record keeper on such transactions) is taxable. Other wise every business would instruct its customers to pay via Venmo so they wouldn't be taxed.

Say you pay the person who cuts your hair via Venmo.....should individual service providers be exempt from income taxes? It is a way of making sure such people report their income which is, rightfully, taxable.

The 87,000 new IRS employees weren't hired to go after Venmo recipients. They were hired to go after Trump's pals.
 
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nycfan said:

DHS inserts staffers at FEMA in major shakeup before hurricane season​


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www.cnn.com

“The Department of Homeland Security is inserting more than a half-dozen of its officials into key front office roles at the Federal Emergency Management Agency to effectively run the agency, according to multiple sources and an internal memo obtained by CNN.

The major shakeup comes less than two weeks before the official start of hurricane season. The homeland security officials will replace several longtime FEMA leaders, marking an inflection point in the Trump administration’s takeover of the disaster relief agency.

In a memo issued Wednesday, FEMA leadership formally announced the sweeping reorganization amid confusion, turmoil and a shrinking workforce at the agency under the administration, which has vowed to “eliminate” FEMA altogether.

The new officials will serve in critical advisory positions under new acting FEMA administrator David Richardson, a DHS official himself. They appear to have limited experience managing natural disasters, according to bios included in Wednesday’s announcement. Like Richardson, most of them have been serving in the Countering Weapons of Mass Destruction office at DHS, and some will split their time with their other roles at Homeland Security.…”
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