A new report has been issued by the official watchdog of the Internal Revenue Service unsurprisingly admitting that the $80 billion given to the IRS by the Biden administration potentially means more audits for average Americans.
The watchdog claims the audits will occur if the IRS doesn’t take immediate action to prevent it and there is little indication they are inclined to do so.
“Last year, the Inflation Reduction Act — which was not actually designed to reduce inflation — gave the IRS $80 billion in new funding. That funding would be used to hire 87,000 new agents over the next decade and to increase tax enforcement,” TheBlaze reported.
“In response to criticism from Americans of all political views, the Biden administration promised that none of the money would be used to increase the number of audits on American households or small businesses earning less than $400,000 per year,” the media outlet continued.
Just another lie from #LyinBiden Shocker
Gov’t watchdog shreds Biden promise that $80 billion in new IRS funding wouldn’t lead to more audits on average Americans https://t.co/fpMDM3tQSA
— Vicki Magadonian #MAGA (@Vicki2A) September 16, 2023
The Biden promise was not credible to start with. Its purpose was to help drag the Inflation Reduction Act and its IRS supersizing across the finish line in congress.
But now we have the government confirming the audit pledge is not real.
— John Kartch (@johnkartch) September 15, 2023
That is apparently turning out to be yet another fib told by the Biden administration.
The official IRS watchdog, the US Treasury Inspector General for Tax Administration (TIGTA), is claiming the IRS can’t fulfill its promise. TIGTA asserts that this is because the IRS defines high-income taxpayers as those earning in excess of $200,000 a year.
“There is no way to identify the complete population of taxpayers that meet the criterion of $400,000 or more specified by the current Treasury Secretary,” the report contends.
“The $200,000 threshold for high-income earners was set in 1976. When adjusted for inflation, that threshold would be more than $1 million today. Because of this issue, the TIGTA recommended the IRS establish a definition of high-income taxpayers in compliance with its promise. But the agency refused and cited concerns of ‘agility,'” TheBlaze reported.
Democrats laughed off Republicans’ concerns that a beefed-up IRS would target working families. One year later, we’ve proven that the IRS is subjecting working families to increased audits as a result of the so-called “Inflation Reduction Act.”
More lies and empty promises from…
— Congresswoman Beth Van Duyne (@RepBethVanDuyne) September 12, 2023
Who believed that bullshit in the first place?
— John (@justjohn4now) September 15, 2023
“The IRS disagreed with this recommendation. It asserted that a static and overly proscriptive definition of high-income taxpayers for purposes of focusing on income levels above which taxpayers have unique and varied opportunities for tax would serve to deprive the IRS of the agility to address emerging issues and trends,” the report stated.
From the beginning, the Biden administration has claimed that the reason for billions of dollars to hire an army of new IRS agents was to increase tax enforcement against wealthy Americans who game the tax code for their benefit.
The TIGTA also noted that increasing enforcement when it comes to wealthy Americans will be problematic because the agency just doesn’t have enough agents who know how to tear into the financial data.
According to the watchdog, audits of high-income taxpayers have not increased.
With 87,000 new IRS agents was there ever any doubt?
— Jamie La Pierre (@JLP3652_9922) September 13, 2023
“Our analysis disclosed no significant increase in the number of high-income individual return audits,” the report asserted.
“[D]espite congressional encouragement to examine individual high earners and the former Treasury Secretary’s directive, most examinations were not focused on high-income taxpayers,” the inspector general noted, making it evident that average Americans are being the ones targeted by the IRS.
“[W]e see no direct effort to increase examinations of individual high earners,” the report concluded.
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