Tax revenue could drop by 10 percent amid turmoil at IRS

[C_Clayton_Jones]

‘Treasury Department and IRS officials are predicting a decrease of more than 10 percent in tax receipts by the April 15 deadline compared with 2024, said the people, who spoke on the condition of anonymity to share nonpublic data. That would amount to more than $500 billion in lost federal revenue; the IRS collected $5.1 trillion last year. For context, the U.S. government spent $825 billion on the Defense Department in fiscal 2024.
[…]
The reason, officials say, is directly tied to changing taxpayer behavior and President Donald Trump’s rapid demolition of parts of the IRS. Senior tax agency officials issued detailed warnings about those outcomes to the incoming Trump administration before the president took office, according to records obtained by The Washington Post.

The administration has moved to fire nearly 20,000 agency employees, specifically targeting new hires in taxpayer services and enforcement divisions. It’s already dismissed more than 11,000 workers at the agency, though some of their statuses are unclear pending fast-moving court cases.

The IRS has dropped investigations of high-value corporations and taxpayers, according to several agency employees involved in those inquiries, because it’s had to triage resources to keep internal systems operating. Two agency commissioners have resigned since Trump took office. The IRS’s head of compliance, Heather Maloy, stepped down effective Friday.’

https://archive.ph/0krUr

Yet another example of Trump’s incompetence and the fact that Trump is unfit to be president.

 

[Cellblock2429]

‘Treasury Department and IRS officials are predicting a decrease of more than 10 percent in tax receipts by the April 15 deadline compared with 2024, said the people, who spoke on the condition of anonymity to share nonpublic data. That would amount to more than $500 billion in lost federal revenue; the IRS collected $5.1 trillion last year. For context, the U.S. government spent $825 billion on the Defense Department in fiscal 2024.
[…]
The reason, officials say, is directly tied to changing taxpayer behavior and President Donald Trump’s rapid demolition of parts of the IRS. Senior tax agency officials issued detailed warnings about those outcomes to the incoming Trump administration before the president took office, according to records obtained by The Washington Post.

The administration has moved to fire nearly 20,000 agency employees, specifically targeting new hires in taxpayer services and enforcement divisions. It’s already dismissed more than 11,000 workers at the agency, though some of their statuses are unclear pending fast-moving court cases.

The IRS has dropped investigations of high-value corporations and taxpayers, according to several agency employees involved in those inquiries, because it’s had to triage resources to keep internal systems operating. Two agency commissioners have resigned since Trump took office. The IRS’s head of compliance, Heather Maloy, stepped down effective Friday.’

https://archive.ph/0krUr

Yet another example of Trump’s incompetence and the fact that Trump is unfit to be president.

/----/ AWESOME. Less money for waste, fraud and abuse. Thanks for the update.
If you want, you can donate as much to the Treasury as you please.
How much are you going to send in? Post a screenshot of your check, or electronic payment so we can see how dedicated you are..

TreasuryDirect

https://www.treasurydirect.gov › government › public-debt-reports › gifts

Gifts to Reduce the Public Debt — TreasuryDirect​

Gifts to reduce debt held by the public may be inter vivos (from a living person) gifts or testamentary bequests (in a person's will).

 

[1srelluc]

said the people, who spoke on the condition of anonymity to share nonpublic data

I stopped right there.

 

[Darkwind]

said the people, who spoke on the condition of anonymity to share nonpublic data

I stopped right there.

They shared based on anonymity because what they did was a crime.

The entire article is based upon supposition and guess work.

 

[struth]

‘Treasury Department and IRS officials are predicting a decrease of more than 10 percent in tax receipts by the April 15 deadline compared with 2024, said the people, who spoke on the condition of anonymity to share nonpublic data. That would amount to more than $500 billion in lost federal revenue; the IRS collected $5.1 trillion last year. For context, the U.S. government spent $825 billion on the Defense Department in fiscal 2024.
[…]
The reason, officials say, is directly tied to changing taxpayer behavior and President Donald Trump’s rapid demolition of parts of the IRS. Senior tax agency officials issued detailed warnings about those outcomes to the incoming Trump administration before the president took office, according to records obtained by The Washington Post.

The administration has moved to fire nearly 20,000 agency employees, specifically targeting new hires in taxpayer services and enforcement divisions. It’s already dismissed more than 11,000 workers at the agency, though some of their statuses are unclear pending fast-moving court cases.

The IRS has dropped investigations of high-value corporations and taxpayers, according to several agency employees involved in those inquiries, because it’s had to triage resources to keep internal systems operating. Two agency commissioners have resigned since Trump took office. The IRS’s head of compliance, Heather Maloy, stepped down effective Friday.’

https://archive.ph/0krUr

Yet another example of Trump’s incompetence and the fact that Trump is unfit to be president.

The taxes collect this April are from last years income…thank the prior admin.

 

[Dekster]

‘Treasury Department and IRS officials are predicting a decrease of more than 10 percent in tax receipts by the April 15 deadline compared with 2024, said the people, who spoke on the condition of anonymity to share nonpublic data. That would amount to more than $500 billion in lost federal revenue; the IRS collected $5.1 trillion last year. For context, the U.S. government spent $825 billion on the Defense Department in fiscal 2024.
[…]
The reason, officials say, is directly tied to changing taxpayer behavior and President Donald Trump’s rapid demolition of parts of the IRS. Senior tax agency officials issued detailed warnings about those outcomes to the incoming Trump administration before the president took office, according to records obtained by The Washington Post.

The administration has moved to fire nearly 20,000 agency employees, specifically targeting new hires in taxpayer services and enforcement divisions. It’s already dismissed more than 11,000 workers at the agency, though some of their statuses are unclear pending fast-moving court cases.

The IRS has dropped investigations of high-value corporations and taxpayers, according to several agency employees involved in those inquiries, because it’s had to triage resources to keep internal systems operating. Two agency commissioners have resigned since Trump took office. The IRS’s head of compliance, Heather Maloy, stepped down effective Friday.’

https://archive.ph/0krUr

Yet another example of Trump’s incompetence and the fact that Trump is unfit to be president.

They had to go for the new hires because of the laws and lawsuits geared at protecting the Been There Awhile class. As for what this means long term IDK. I guess it depends on what changes to the tax code may be coming down the pike.

 

[airplanemechanic]

Oh no!!! The gov't might steal less of our hard earned money to waste on DEI for chimps in Uganda!! Oh the humanity!

 

[initforme]

The debt thing is way overblown. It's basically fake news.

 

[JGalt]

‘Treasury Department and IRS officials are predicting a decrease of more than 10 percent in tax receipts by the April 15 deadline compared with 2024, said the people, who spoke on the condition of anonymity to share nonpublic data. That would amount to more than $500 billion in lost federal revenue; the IRS collected $5.1 trillion last year. For context, the U.S. government spent $825 billion on the Defense Department in fiscal 2024.
[…]
The reason, officials say, is directly tied to changing taxpayer behavior and President Donald Trump’s rapid demolition of parts of the IRS. Senior tax agency officials issued detailed warnings about those outcomes to the incoming Trump administration before the president took office, according to records obtained by The Washington Post.

The administration has moved to fire nearly 20,000 agency employees, specifically targeting new hires in taxpayer services and enforcement divisions. It’s already dismissed more than 11,000 workers at the agency, though some of their statuses are unclear pending fast-moving court cases.

The IRS has dropped investigations of high-value corporations and taxpayers, according to several agency employees involved in those inquiries, because it’s had to triage resources to keep internal systems operating. Two agency commissioners have resigned since Trump took office. The IRS’s head of compliance, Heather Maloy, stepped down effective Friday.’

https://archive.ph/0krUr

Yet another example of Trump’s incompetence and the fact that Trump is unfit to be president.

More fear porn generated by our resident fearmonger C_Clayton_Jones.

What's wrong, Calamity Boy? Is "Trump is a wacist" not working for you any more?

 

[rightwinger]

‘Treasury Department and IRS officials are predicting a decrease of more than 10 percent in tax receipts by the April 15 deadline compared with 2024, said the people, who spoke on the condition of anonymity to share nonpublic data. That would amount to more than $500 billion in lost federal revenue; the IRS collected $5.1 trillion last year. For context, the U.S. government spent $825 billion on the Defense Department in fiscal 2024.
[…]
The reason, officials say, is directly tied to changing taxpayer behavior and President Donald Trump’s rapid demolition of parts of the IRS. Senior tax agency officials issued detailed warnings about those outcomes to the incoming Trump administration before the president took office, according to records obtained by The Washington Post.

The administration has moved to fire nearly 20,000 agency employees, specifically targeting new hires in taxpayer services and enforcement divisions. It’s already dismissed more than 11,000 workers at the agency, though some of their statuses are unclear pending fast-moving court cases.

The IRS has dropped investigations of high-value corporations and taxpayers, according to several agency employees involved in those inquiries, because it’s had to triage resources to keep internal systems operating. Two agency commissioners have resigned since Trump took office. The IRS’s head of compliance, Heather Maloy, stepped down effective Friday.’

https://archive.ph/0krUr

Yet another example of Trump’s incompetence and the fact that Trump is unfit to be president.

Billionaires Musk and Trump don’t want IRS agents looking into their returns

Just fire them

 

[1srelluc]

More fear porn generated by our resident fearmonger C_Clayton_Jones.

What's wrong, Calamity Boy? Is "Trump is a wacist" not working for you any more?

LOL....He must work for the fookin' weather service.....Fire warning!, temps to drop next Tuesday!, severe weather possible!, and on and on with the fear mongering to get clicks!

Never, "Hey, it's a really nice day out there, enjoy."

 

[DigitalDrifter]

Oh darn!

 

[JGalt]

LOL....He must work for the fookin' weather service.....Fire warning!, temps to drop next Tuesday!, severe weather possible!, and on and on with the fear mongering to get clicks!

Never, "Hey, it's a really nice day out there, enjoy."

Oh teh noess!! It's an atmospheric river and shitstorm of Trump executive orders!!!!

Run!!! Flee for the hills!!!!

 

[Harry Dresden]

said the people, who spoke on the condition of anonymity to share nonpublic data

I stopped right there.

yea jones uses these guys alot.....

 

[JGalt]

Billionaires Musk and Trump don’t want IRS agents looking into their returns

Just fire them

Sure, let's do that again like you folks did in 2017.

Don't you people ever get tired of making idiots out of yourselves?

 

[LeftofLeft]

What would Americans prefer? Spending drops or Revenue drops??

 

[Darkwind]

Oh teh noess!! It's an atmospheric river and shitstorm of Trump executive orders!!!!

Run!!! Flee for the hills!!!!

 

[jwoodie]

Yet another example of Trump’s incompetence and the fact that Trump is unfit to be president.

Already defending the Biden recession?

 

[j-mac]

‘Treasury Department and IRS officials are predicting a decrease of more than 10 percent in tax receipts by the April 15 deadline compared with 2024, said the people, who spoke on the condition of anonymity to share nonpublic data. That would amount to more than $500 billion in lost federal revenue; the IRS collected $5.1 trillion last year. For context, the U.S. government spent $825 billion on the Defense Department in fiscal 2024.
[…]
The reason, officials say, is directly tied to changing taxpayer behavior and President Donald Trump’s rapid demolition of parts of the IRS. Senior tax agency officials issued detailed warnings about those outcomes to the incoming Trump administration before the president took office, according to records obtained by The Washington Post.

The administration has moved to fire nearly 20,000 agency employees, specifically targeting new hires in taxpayer services and enforcement divisions. It’s already dismissed more than 11,000 workers at the agency, though some of their statuses are unclear pending fast-moving court cases.

The IRS has dropped investigations of high-value corporations and taxpayers, according to several agency employees involved in those inquiries, because it’s had to triage resources to keep internal systems operating. Two agency commissioners have resigned since Trump took office. The IRS’s head of compliance, Heather Maloy, stepped down effective Friday.’

https://archive.ph/0krUr

Yet another example of Trump’s incompetence and the fact that Trump is unfit to be president.

"...said the people, who spoke on the condition of anonymity..."

Your threads are utter bull shit....Made up crap.

 

[Independent thinker]

‘Treasury Department and IRS officials are predicting a decrease of more than 10 percent in tax receipts by the April 15 deadline compared with 2024, said the people, who spoke on the condition of anonymity to share nonpublic data. That would amount to more than $500 billion in lost federal revenue; the IRS collected $5.1 trillion last year. For context, the U.S. government spent $825 billion on the Defense Department in fiscal 2024.
[…]
The reason, officials say, is directly tied to changing taxpayer behavior and President Donald Trump’s rapid demolition of parts of the IRS. Senior tax agency officials issued detailed warnings about those outcomes to the incoming Trump administration before the president took office, according to records obtained by The Washington Post.

The administration has moved to fire nearly 20,000 agency employees, specifically targeting new hires in taxpayer services and enforcement divisions. It’s already dismissed more than 11,000 workers at the agency, though some of their statuses are unclear pending fast-moving court cases.

The IRS has dropped investigations of high-value corporations and taxpayers, according to several agency employees involved in those inquiries, because it’s had to triage resources to keep internal systems operating. Two agency commissioners have resigned since Trump took office. The IRS’s head of compliance, Heather Maloy, stepped down effective Friday.’

https://archive.ph/0krUr

Yet another example of Trump’s incompetence and the fact that Trump is unfit to be president.

Glad to see you are for abolishing the IRS completely and collecting taxes via a different way.