The Top 0.5% Underpay $50 Billion a Year In Taxes and Crushed the IRS Plan to Stop Them — ProPublica🔒 www.propublica.org
Solid reporting from ProPublica. Of course the very wealthy influence policies by buying votes from our elected officials, but I hadn’t really thought about how that could also buy protection from tax officials.
The IRS’ new approach to taking on the superwealthy has been stymied. The wealthy’s lobbyists immediately pushed to defang the new team. And soon after the group was formed, Republicans in Congress began slashing the agency’s budget. As a result, the team didn’t receive the resources it was promised. Thousands of IRS employees left from every corner of the agency, especially ones with expertise in complex audits, the kinds of specialists the agency hoped would staff the new elite unit
As tax day approaches in the US, this article highlights that not all citizens have the same tools in the process.Posted on April 11, 2019 →