462

Summary

The IRS anticipates a $500 billion revenue loss as taxpayers increasingly skip filings following cuts from Elon Musk under Trump.

The IRS, set to downsize by 20% by May 15, has seen increased online chatter about avoiding taxes, with individuals betting auditors won’t scrutinize accounts.

Experts warned that workforce reductions could cripple the agency's efficiency.

Treasury officials predict a 10% drop in tax receipts compared to 2024.

Former IRS commissioners have criticized the cuts, warning of dysfunction and reduced collection capacity.

you are viewing a single comment's thread
view the rest of the comments
[-] shortwavesurfer@lemmy.zip 2 points 1 week ago

Can't fund the military without taxation. If you told citizens to donate to support a war effort halfway across the globe that has no impact on their daily lives, they'd be absolutely certain to do it. /s. Now, coerce them with the threat of being thrown in a cage, or at the barrel of a gun, and that's different.

[-] naught101@lemmy.world 6 points 1 week ago

Yes, but you CAN have taxation without funding the military. You're throwing the baby out with the bathwater.

I don't think taxation is the only way to do this, but you do need some kind of process for ensuring common social services and infrastructure exist and are maintained. Taxation is what we have now. How would you support those services without it?

[-] shortwavesurfer@lemmy.zip 2 points 1 week ago

If you absolutely must have taxation, then have state taxation. Because I don't see the state of Texas declaring war on Pakistan.

[-] naught101@lemmy.world 5 points 1 week ago

How would you fund federal services?

Seems to me the problem isn't taxation, it's the process for deciding how that government spending is distributed..

[-] shortwavesurfer@lemmy.zip 2 points 1 week ago

You can't fix that problem. The fact that there is a big pile of money there means that greedy people will attempt to get their hands on it. No matter what. So the only way to fix that is to not have the big pile of money sitting there to begin with.

[-] naught101@lemmy.world 4 points 1 week ago

So... you think that: a) you can't change the way government spends money, but b) you can change the way government receives money?

That's an interesting world view.

[-] shortwavesurfer@lemmy.zip 1 points 1 week ago

Don't give the government money at all.

[-] T00l_shed@lemmy.world 4 points 1 week ago

Get off the internet, it was started because of government funding. Don't drive on roads, government funding. Don't use gas or a car, or helmets or drink water, or take any medicine. You can't wear clothes you didn't make yourself, don't live in a house that was built to code. Forget gfic outlets. Electronics that meet safety regs? Get rid of them. You better not have an up to date Electrical box either. Food safety? More government overreach funded by taxes. Those wastages.

this post was submitted on 23 Mar 2025
462 points (100.0% liked)

Economics

688 readers
134 users here now

founded 2 years ago