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#irs

36 posts35 participants1 post today
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Zhi Zhu 🕸️

DOGE’s Supposed Savings Are About to Cost the US a Lot of Money

The IRS is bracing for a huge hit to its revenue thanks to Elon Musk’s cuts.
newrepublic.com/post/193093/ir

" #DOGE directed staff cuts at the agency have sparked fears that #US tax revenue could plummet by 10%, or $500 billion...

Last year, the #IRS collected $5.1 trillion, w/ $825 billion going to the #Defense Dept. Such a massive loss would hobble #government services or increase the national deficit"

Headline from The New Republic: DOGE’s Supposed Savings Are About to Cost the U.S. a Lot of Money The IRS is bracing for a huge hit to its revenue thanks to Elon Musk’s cuts. by Ellie Quinlan Houghtaling March 24, 2025 / 12:53 p.m. ET
#Musk#Trump#USPol
Public *
beSpacific

#IRS Predicts DOGE Lost Half a #Trillion Dollars for the #USA #Congress is mute as #trump #doge #maga #GOP #republicans #bankrupt our democracy #taxes #taxation #economy IRS’ internal projections estimate that the DOGE-driven disruptions to the IRS since the inauguration are on track to have reduced #tax receipts by more than $500 billion by April 15th. This means we do not have enough money to power our economy so the goal is to send us into a giant crash? #taxpayers #demolition of #IRS

Public
Miguel Afonso Caetano

"Senior tax officials are bracing for a sharp drop in revenue collected this spring, as an increasing number of individuals and businesses spurn filing their taxes or attempt to skip paying balances owed to the Internal Revenue Service, according to three people with knowledge of tax projections.

Treasury Department and IRS officials are predicting a decrease of more than 10 percent in tax receipts by the April 15 deadline compared with 2024, said the people, who spoke on the condition of anonymity to share nonpublic data. That would amount to more than $500 billion in lost federal revenue; the IRS collected $5.1 trillion last year. For context, the U.S. government spent $825 billion on the Defense Department in fiscal 2024.

“The idea of doing that in one year, it’s hard to grapple with how meaningful of a shift that represents,” said Natasha Sarin, president of the Yale Budget Lab and a senior Biden administration tax official.

The prediction, officials say, is directly tied to changing taxpayer behavior and President Donald Trump’s rapid demolition of parts of the IRS. Senior tax agency officials issued detailed warnings about those outcomes to the incoming Trump administration before the president took office, according to records obtained by The Washington Post."

washingtonpost.com/business/20

The Washington Post · Tax revenue could drop by 10 percent amid turmoil at IRSBy Jacob Bogage
#USA#Trump#IRS
Public
Scammo

Hallo liebes Fediverse, heute war ich mal wieder ein #irs (also fast). Ich habe zum aller ersten Mal ein EC von Flensburg genommen und bin direkt bis nach Prag durchgefahren.
Die Aussicht ist war teilweise sehr schön. Es gab ein Kinderkino ohne Kinder. Der Speisewagen war auch super. Konnte aber in linken glutenfrei + vegan nicht mit dem ICE mithalten.

Bild von einer Lok an einem Bahnsteig. Die Lok ist Blau und weiß. Der Himmel ist grau
Bild vom Bahnsteig in einen Speisewagen. Es gibt rote Stühle und Tische mit Tischdecke. Jeder Tisch hat eine Lampe
In einem Wagon steht ein Monitor und darüber die Aufschrift Kino. Davor ist eine Art Treppe mit mehreren Stufen und Teppich
Bild aus einem FahrendenZug.zu sehen ist ein sehr breiter Fluss und am anderen Ufer stehen Häuser und ein hang geht nach oben
Replied to Zhi Zhu 🕸️
Public
yuhasz01

@ZhiZhu

DOGE(doggy) main purpose is to destroy Federal system for political and greedy economic gain. No intention to improve anything.

IRS Predicts DOGE Lost Half a Trillion Dollars for the USA
talkingpointsmemo.com/edblog/i

"the IRS’s internal projections estimate that the DOGE-driven disruptions to the #IRS since the inauguration are on track to have reduced #tax receipts by more than $500 billion...

TPM - Talking Points Memo · IRS Predicts DOGE Lost Half a Trillion Dollars for the USABy Josh Marshall
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