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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.

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How much of this is because of America's new found love of famous tax dodgers they put into the government? So they think that trump is their new best friend, and if their best friends dont pay taxes, why should they?

[-] wampus@lemmy.ca 24 points 1 day ago

I seem to recall hearing Trump officials/project2025 sorts say they wanted to do away with income tax, replace it with tariffs. So, I mean, the IRS falling apart and not being able to collect income tax is sorta... on the roadmap, isnt it? Like issuing this warning is prolly just gonna be taken as a goal milestone achieved on the plan.... ??

[-] RememberTheApollo_@lemmy.world 16 points 1 day ago

Replace with tariffs? This clown has no idea how anything works.

[-] UnderpantsWeevil@lemmy.world 4 points 1 day ago* (last edited 1 day ago)

Coolidge-ism cannot fail. It can only be failed.

Gutting the federal budget takes us several big steps closer to the Thiel/Yarvin/Srinivasan envisioned Network State. Tiny autocratic techno-feudal cities that rule the surrounding territory in the same way Palestine, Lebanon, Jordan, the Sinai Peninsula, and east Iraq are controlled from Tel Aviv. We're going to balkinize America, folks.

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Sure but they're also stupid meaning five minutes after they will realize why income tax was adopted. Tariffs were becoming inefficient by the time of the civil war let alone now.

[-] wampus@lemmy.ca 4 points 1 day ago

And loss of trust / stability of the government makes the tech industry's push for corporate controlled 'freedom cities' much easier to get agreement on, allowing America's rich oligarchs to quite literally establish their own baronies ;P

There's a reason why company towns were being abandoned even before they were outlawed, that being excessive violence. The key feature of these dweebs is a notable lack of historical understanding. Also a decaying empire is basically the only thing backing their wealth bravo dipshits ya played thine selves, seriously most of this shit will be taught in the successor states of the US not to dissimilar to how the failures of the Soviet Union are taught in former eastern bloc countries.

[-] Red_October@lemmy.world 3 points 23 hours ago

Can't wait for everyone who talks shit about President Musk to get audited. It wasn't their plan but this is absolutely going to be a trap to catch people who resist the nazi takeover.

[-] aeternum 39 points 1 day ago

surely this will lower the price of eggs, right? right?

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[-] jjjalljs@ttrpg.network 164 points 2 days ago

things like this are why anyone saying the right wing is fiscally responsible should be laughed out of the room

[-] MutilationWave@lemmy.dbzer0.com 11 points 1 day ago

"Republicans are fiscally responsible" = "You eat seven spiders every year in your sleep"

It's just something people will keep repeating until the end of time because they don't have anything important to say.

[-] CileTheSane@lemmy.ca 4 points 1 day ago

Fiscally Responsible George, who does 86400 fiscally responsibles a day, is an outlier and should not have been included in the data set.

[-] WraithGear@lemmy.world 27 points 1 day ago

They have never done anything since Regan that would point to them being fiscally responsible. They have always bestowed against the welfare of the future

[-] Wilco@lemm.ee 39 points 1 day ago

Is everyone thinking they will "just do a tax fraud"?

[-] BigDanishGuy@sh.itjust.works 44 points 1 day ago

Well, which of the laid off IRS employees are going to find out?

[-] Glytch@lemmy.world 30 points 1 day ago

Some are thinking "I don't want to fund what Elon is doing so let them come and take it"

[-] FilthyShrooms@lemmy.world 11 points 1 day ago

They can't catch all of us, right?

[-] neon_nova@lemmy.dbzer0.com 7 points 1 day ago

Well a lot of people thought they could do the Chase infinite money glitch... So, who knows.

[-] pezhore@infosec.pub 60 points 2 days ago

I filed mine mostly because I knew I was going to be getting a refund. I wanted to make sure that I got that money before the IRS was completely fucked. This may be the last year that I purposely overestimate my tax burden (e.g. paying more in taxes than I ideally should).

In the past, people would say that you're giving the government an interest-free loan - I didn't really care about that because I knew I would get that money back later. Now? I'm not so sure.

[-] RagingRobot@lemmy.world 4 points 1 day ago

Yeah I usually do the same just to be sure I will never owe anything now I'll probably change it so I always owe

This is the right way to go unless you're totally incompetent with money or a gambling addict.

[-] Anti_Iridium@lemmy.world 2 points 1 day ago

Or living paycheck to paycheck making this the only way to save for big purchases. Not saying I was the best with money, but it was quite nice to guarantee a chunk of money at the beginning of the year.

[-] metaStatic@kbin.earth 85 points 2 days ago

no taxation without representation.

[-] Makhno@lemmy.world 23 points 2 days ago

Except taxes are still taken out of wages, filing or no

[-] rf_@lemmy.world 26 points 2 days ago

So what’s the point of this dance we do every year where the govt is coyly asking us to guess how much we owe or are owed?

[-] Revan343@lemmy.ca 4 points 1 day ago

Selling TurboTax subscriptions

[-] Ledericas@lemm.ee 9 points 1 day ago

to give TURBOTAX AND h&r block some of the money. turbo tax heavily spammed one of my emails ever since he won, when before they barely sent any kind of emails.

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[-] ArmoredThirteen@lemmy.zip 41 points 2 days ago

The tax person I go to every year said everyone is filing for a extensions right now "to see what happens"

[-] AlecSadler@sh.itjust.works 19 points 1 day ago

I am one of those skipping filing to see what happens.

Delay, deny, dispose [of the IRS letters].

I'm taking that money and donating it to local charities and helping people in my community.

seems like the way to do it. funding your community is the right thing to do.

[-] T00l_shed@lemmy.world 25 points 2 days ago

So efficient

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this post was submitted on 23 Mar 2025
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Economics

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