Relevant and even prescient commentary on news, politics and the economy.

The end of IRS enforcement

Don’t like income taxes? Next year, don’t pay ‘em. Who’s gonna force you to? “DOGE is also in the process of essentially closing down the Tax Division at the Department of Justice. “Since the Tax Division is a statutory creation, it can’t literally be shuttered. As DOGE has done at numerous other offices and agencies, […]

Are we efficient yet?

Looks like DOGE is proving quite efficient at destroying government revenue sources. From Josh Marshall over at TPM: “The Post reports today that 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 by April 15th. This, […]

Information Reporting on foreign depositors in US banks–Florida’s GOP delegation shamefully supports tax evasion facilitation

by Linda Bealecrossposted with Ataxingmatter Information Reporting on foreign depositors in US banks–Florida’s GOP delegation shamefully supports tax evasion facilitation Many wealthy Americans have taken advantage of banking secrecy in other countries, particularly Switzerland, to hide their assets and income from the United States, thus avoiding paying their fair share of taxes on their riches.  […]

Audit rates for the rich increasing–about time

by Linda Beale Audit rates for the rich increasing–about time crossposted with Ataxingmatter Note to readers:  sorry for the long absence again–personal circumstances prevented my blogging for the last several weeks.  I hope that I can again resume regular blogging now, but do apologize for the absence. The IRS recently released its 2010 Data Book, […]

HEALTH CARE Thoughts: IRS resources

HEALTH CARE thoughts: The Taxpayer Advocate and others are unhappy National Taxpayer Advocate Nina Olson is reported to be unhappy about the major IRS role in the new health care regime. Olsen believes the IRS is already overworked (she used “overtaxed” in her annual report issued this month, a great pun) and needs more money […]