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applegrove

(118,022 posts)
Tue Apr 13, 2021, 05:16 PM Apr 2021

IRS Losing $1 Trillion a Year in Uncollected Taxes

IRS Losing $1 Trillion a Year in Uncollected Taxes

April 13, 2021 at 4:00 pm EDT By Taegan Goddard 97 Comments

https://politicalwire.com/2021/04/13/irs-losing-1-trillion-a-year-in-uncollected-taxes/

"SNIP.....

IRS Commissioner Charles Rettig said the IRS “needs more and consistent funding to help close a ‘tax gap’ that is leaving perhaps more than $1 trillion in legally owed taxes uncollected every year,” Reuters reports.

“Rettig told the Senate Finance Committee that new sources of wealth have arisen since 2011-2013, when the last official annual tax gap estimate of $441 billion was made, including cryptocurrencies and the rising use of complex, foreign-source income.”

......SNIP"

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IRS Losing $1 Trillion a Year in Uncollected Taxes (Original Post) applegrove Apr 2021 OP
In other words Bettie Apr 2021 #1
While TPTB make what they term Backseat Driver Apr 2021 #6
IRS Losing $1 Trillion a Year in Uncollected Taxes FelineOverlord Apr 2021 #2
Because you're going after the wrong people Fullduplexxx Apr 2021 #3
No. Blue_true Apr 2021 #4
Yup, we've had to make payment arrangements for fed, state, local taxes, student loans Backseat Driver Apr 2021 #7
I disagree they wont make up a trillion chasing nickles and dimes Fullduplexxx Apr 2021 #8
They are nagging me NQAS Apr 2021 #5

Backseat Driver

(4,339 posts)
6. While TPTB make what they term
Tue Apr 13, 2021, 06:01 PM
Apr 2021

human errors and fail at timely and purposely slowed communication that created years of interest accruals on those already impoverished by the major crises of the 90s and 1st decade of the century, Silicone Valley and those bungled Mortgage's that the banks didn't even both with keeping track of the deeds let alone the accounting. Just too big to fail and all...so the wealthy got bailed out by Congress and just continued the laundering, the loopholing, and all the rest that steal from every cross-section of lower socioeconomic levels where the best they could do wasn't enough. They were blacks, immigrants, women, the old, the ill, the disabled, the vets, but still the victims that lost their jobs, their homes; their healthcare, even some who never imagined they'd need reliance on food banks...with little control over opportunities that would even pay their mounting taxes! So interesting that the tax-free stimulus delivered and the push for tax collections...

Ummm...fixing things post-other one; infrastructure...but where's healthcare reform; student loan reform/forgiveness - affordable housing...all rackets that support those rich, white, privleged elite POS.

Prices are now increasing at the groceries, if there's even a grocer within walking distance in the neighborhood in which to chose nutritious food, at the gas stations, Dow reaching higher, you got lower priced scripts? CoVid hospital care wasn't free, everybody!

Ummm, yeah, what's in your wallet?

Blue_true

(31,261 posts)
4. No.
Tue Apr 13, 2021, 05:51 PM
Apr 2021

They are going after the right people. They know the monied people are going to lawyer up with expensive lawyers and put up a fight. Meanwhile the man or woman sitting at their modest dinner table reading an IRS taxes owed letter will likely settle for the quickest way to pay the taxes, along with penalties, and interest on the whole mess. They go for the low hanging fruit.

Also. People that become really good IRS investigators are either committed to tax justice and are ok with a modest home and a production vehicle and a future decent but not outrageous retirement, or they have one foot out the door into a lucrative 7 figure per year job that will have them fighting the IRS.

Backseat Driver

(4,339 posts)
7. Yup, we've had to make payment arrangements for fed, state, local taxes, student loans
Tue Apr 13, 2021, 06:11 PM
Apr 2021

Just as we had them set up there occurred "human errors." Failure to notify, failures to process, failures to apply; The human at their ends failed to get it in the process and that equates to 2 to 7 years of accrued interest and likely back in default... and likely screwed for life as our lifecycles are coming to the end, so it's time to wreck the next generations chances too!

We did not ask to be unemployed, made redundant nor were we unemployable - one moment we made living wages; the next (because we were of a seasoned age, out of work or way underemployed, for many months and still as we lost years in formulas that determined our retirement benefits...then deemed "useless eaters" by GOP top guns and lovers/supporters of the rich, white, privileged elite. Don't ever tell me they did not intend to plan to kill us without consequence to themselves and enrichment to themselves. I know that sounds like a grand CT, but Geesh...an angry, armed populace apparently supportive of their side, 560K deceased by a virus ex-taxpayers, local LE single-use executioners in blue...a country of folks devoid of opportunity to live quietly in the land cuz churn and chaos and debt of the middle and lower classes will make them even wealthier.

NQAS

(10,749 posts)
5. They are nagging me
Tue Apr 13, 2021, 05:59 PM
Apr 2021

And I’m paying. Not worth the threat of an irs lien.

What pisses me off is the interest and fees. Waive those and you might get the tax evaders to pay up. Or not. In which case you threaten them in ways that mean something to the rich and super rich.seize their yachts?

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