Peter JohnsonAug 2, 2023
Robert Reich

The IRS pulled in $3.18 for each dollar spent auditing the top 1%, and $6.29 for the top 0.1%.

There’s one reason and one reason only the GOP wants to defund the IRS: to protect their wealthy mega-donors.

All in all, the GOP’s IRS cuts will cost $40 billion in lost revenue.

Aug 2, 2023 at 6:48pmWeb
Show threadRodneyPetersonTalentAgencyAug 2, 2023

@rbreich

Rules for Thee, not for Me.

What a shithole country.

Show threadMartin NuttyAug 2, 2023

@rbreich

I'd call that a decent yield

Show threadBurritoSommelierAug 2, 2023
@rbreich that’s a nice return… how do I invest in this? /s
Show threadJohn Private 🛩 🚁 🚀 🛸Aug 2, 2023
@rbreich
That's a great ROI, how can I invest in an IRS audit fund?
Show threadmiket330Aug 2, 2023
@rbreich and want the middle class and poor to carry their burden we are heading for theocracy it seems...the zealots now control SCOTUS...lifetime appointments..FFS
Show threadJonas TrostleAug 2, 2023
@rbreich $2.18, right? At least according to Boning, Hendren, Sprung-Keyser, and Stuart (https://doi.org/10.3386/w31376), which is the most recent estimate I know
Show threadRickyAug 2, 2023
@rbreich @JulieFieber
Show threadCodeByJeffAug 3, 2023

@rbreich Maybe the IRS can GoFundMe?

That sort of monetary return is something I'd invest in

Show threadJanAug 3, 2023
@rbreich they could just stop auditing the lower 50%.
That would help with equality and that ROI is probably not worth it in the first place.
Show threadMaier AmsdenAug 3, 2023
@jandamm @rbreich Or just give folks a pass on the first $100,000/yr of side hustle income.
Show threadex or current IDF unwelcomeAug 3, 2023
@rbreich Shame HMRC in UK doesn't follow the US example.
Show threadUrzlAug 3, 2023
@rbreich Headed for neo-feudalism, all according to plan.
Show threadUrzlAug 3, 2023

@rbreich Let's do simple arithmetic proportions for the audit, we can make a deal so it's totally fair.

Maybe $1 in every $100 income gets audited.

If we cover that by auditing 100% of the top 0.1% of earners, it's that many fewer audits to do.

Show threadMy camera shoots fascistsJul 22, 2024

@rbreich

Hey, that's enough to buy Twitter.