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Drudge Retort: The Other Side of the News
Monday, June 01, 2020

Report finds 879,415 high-income people didn't pay tax bills.

Budget cuts have forced agency to scale back enforcement.

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More from the article:

...The Treasury Inspector General for Tax Administration found that 879,415 high-income individuals who didn't file returns cumulatively failed to pay $45.7 billion in taxes from 2014 to 2016 and that the agency hasn't tried to collect from many of those taxpayers. The IRS didn't input 326,579 of the cases into its enforcement system, and it closed 42,601 of the cases without ever working on them.

"In addition, the remaining 510,235 high-income nonfilers, totaling estimated tax due of $24.9 billion, are sitting in one of the Collection function's inventory streams and will likely not be pursued as resources decline," the report, released Monday, found.



#1 | Posted by LampLighter at 2020-06-01 04:44 PM | Reply | Newsworthy 1

There is a simple solution for this that won't cost much. Send the National Guard to the houses of 10,000 of these folks selected at random. Kill the cheat, after he makes the soldiers nervous.

Repeat until all the taxes are paid.

Just remember that 10,000 deaths is hardly anything when it comes to keeping the economy going.

#2 | Posted by bored at 2020-06-01 04:59 PM | Reply | Newsworthy 1

Oh, but we have to reinstate the death tax first. They we get the money owed one way or the other.

#3 | Posted by bored at 2020-06-01 05:01 PM | Reply | Newsworthy 1

The Treasury Inspector General for Tax Administration found that 879,415 high-income individuals who didn't file returns cumulatively failed to pay $45.7 billion in taxes from 2014 to 2016 and that the agency hasn't tried to collect from many of those taxpayers.

Of course. Paying taxes is for the poor people to do. If these deadbeats paid their taxes, they couldn't afford the memberships at Trampy's golf resorts.

The agents have instead been focusing on the lower middle class who don't have high paid tax lawyer representation and just pay up out of fear.

#4 | Posted by Nixon at 2020-06-02 06:21 AM | Reply

reinstate the death tax first.

The current estate tax exemption is $12,000,000 (approx) per person. That means a husband and wife can pass along $24,000,000 to their heirs with zero taxes. Of course it is never enough as the GOPiggies want to kill the estate tax altogether to further the choke hold the oligarchs have on the wealth in the United States.

They believe in pulling yourself up by your own boot straps except when it comes to mummy and daddy's trust funds.

#5 | Posted by Nixon at 2020-06-02 06:25 AM | Reply

Eventually asset taxes will have to largely replace income taxes. That will encourage value creation, and deflate real estate which will make buying a home easier for young people.

#6 | Posted by bored at 2020-06-02 12:43 PM | Reply | Newsworthy 1

They will never allow real estate to deflate in any significant and long-term systemic manner.

For the same reason currencies that fail do so by hyperinflation, not deflation.

Hyperinflation is the lesser evil, compared to deflation, if you're rich, in an economy where debt is wealth.

#7 | Posted by snoofy at 2020-06-02 08:20 PM | Reply

A property tax will deflate real estate. Most people already pay. Just double it, but add a single tax credit per American.

#8 | Posted by bored at 2020-06-02 08:34 PM | Reply

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