Robert Reich

The tax gap (the gap between taxes owed and taxes collected) was $688B in 2021 — nearly half the size of last year’s deficit.

For every $1 the IRS spends auditing rich tax cheats, it can collect $12.

If the GOP truly cared about the deficit, they would fund the IRS, not gut it.

Mar 21, 2024 at 9:03pmWeb
Show threadDr. Eric J. Fielding, PhDMar 21, 2024
@rbreich That is a big "if".
Show threadBill Of Earth42Mar 21, 2024
@rbreich I have some misgivings about taxing unrealized capital gains, but I'd like to see the next Congress at least double corporate income taxes and the top individual tiers.
Show threadFlaming CheetoMar 22, 2024
@billOfEarth42 @rbreich or maybe just end the cost basis step up for inheritance to non-spouses
Show threadJohn Rohde JensenMar 21, 2024
@rbreich Fund the IRS until the return is less than one $ for each $ spent on collecting it. Rich people are all frauds and cheaters.
Show threadZen Zero ☯️ ◯Mar 21, 2024
@rbreich @SRDas Wait. If their ROI is 12:1, why can't they fund themselves with audits?
Show threadarjankroonenMar 23, 2024
@xvf17 @rbreich @SRDas I would assume because what they collect does not go into their budget but flows directly to treasury.
Show threadlamy, davidMar 22, 2024
@rbreich
Fair point about the GOP, but if the Democratic Party truly cared about providing concrete material benefits for all of us, then they would eliminate the filibuster.
Show threadFlaming CheetoMar 22, 2024
@rbreich holy sh*t. We're Italy or Greece with slightly worse olive oil
Show threadPaul AnomalyMar 22, 2024
@rbreich Isn't it funny how the people shouting that "government should be run more like a business, and probably by businessmen" are the same ones saying "Oh, and this business shouldn't expect its biggest customers to pay their bills?"
Show threaddvo dvoMar 27, 2024

@rbreich

https://x.com/j2ooj/status/1772858815811027310?s=20

patiently parsing ✚ (@j2ooj) on X

Even Al Capone didn't laugh at tax matters. #refundTheIRS

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