Crepitus
Diamond Member
- Mar 28, 2018
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After mass firings, the IRS is poised to close audits of wealthy taxpayers
Some audits of rich individuals and corporations are at immediate risk of being closed prematurely without action due to a lack of personnel to complete them, according to several current employees at the tax agency. The handful of imperiled audits that agents described in general terms to the International Consortium of Investigative Journalists could amount to millions of lost dollars in public revenue from wealthy people and corporations, although agents said this likely represents only a sliver of the agency’s lost revenue stemming from the firings.
“All of a sudden, these cases are going to be closed and we’re going to look like idiots,” said a senior revenue agent, who works within the IRS’s Large Business & International Division, which audits the country’s wealthiest taxpayers. “There is no one left to work them. The remaining agents have full caseloads.”
Seems pretty obvious that this was the point, don't you think?
Protect the billionaires at all costsFuck the little guy, he doesn't matter.