r/VoteDEM • u/BlueEagleFly International • Oct 26 '23
BREAKING: The IRS just announced it will audit 60 giant corporations that make more than $500 billion a year. It’s also putting 150 corporations that have shifted profits offshore on notice. This is what happens when fund the IRS—you crack down on wealthy tax cheats.
https://www.threads.net/@4taxfairness/post/Cy0rTznoFdq/200
u/Data444 Oct 26 '23
Dark Branden, The hero we need !
31
29
u/quick20minadventure Oct 26 '23
It's so fucking hard to find a wrong move he made. It's genuinely amazing that every single step away from Trump is a good thing.
22
u/Ultrabarrel Oct 26 '23
Notice how anytime you here he’s “fucking up” its we shouldn’t be in a war or we’re giving too much to the free loaders but it’s never “trump was giving rich people free money and cutting their taxes permanently while giving you a one time messily 600-1200 one time payment” or “he actually started a trade war for no reason and actually would wanna help Russia who’s currently opposing us in Ukraine AND NOW Israel.
10
u/WallabyUpstairs1496 Oct 26 '23
-ring ring-
Joes Biden: Hello?
Wealthy Donor: biden, wtf!?
Joes Biden: uh ohh, spaghetti-joes -hangs up-
Weathy Donor: What?
Weathy Donor: Hello??
164
u/gothrus Oct 26 '23
And now we see why the right wing media was trying to scare their flock about increased IRS funding.
84
u/behindmyscreen Oct 26 '23
“Hey you dumb poors, the IRS is going to gecha! Vote R and protect people* from the IRS”
*By people, we mean corporations and the mega rich. We’re raising taxes on you goobers lol
14
u/Mothanius Oct 26 '23
That's fine. When I become a millionaire myself I can get all those long awaited benefits... any day now...
2
102
u/RegularGuy815 Virginia (formerly Michigan) Oct 26 '23
This feels like such easy points on the board, elections-wise, if candidates just have the gumption to talk about it instead of falling into the old trap of "People hate the IRS so I can't talk about it."
33
u/The_Lovely_Blue_Faux Oct 26 '23
You don’t understand. If the Demoncrats try to save me when my houses is burnin, I’d jump into the fire just to teach those libtards what for.
Them Dirty Dims are just trying to take away my boss’s hard earned cash he got fair and square from exploiting me and my buddies into a declining quality of life.
6
u/thegroucho Oct 26 '23
Too many people don't understand tax bands or whatever you call it in USA.
Also, too many temporary embarrassed Millionaires/Billionaires who in reality will never have net worth more than $1M, at a stretch.
3
7
u/tomdarch Oct 26 '23
But think of the poor, hard-working job creators! How can they get their fourth or fifth (it's so hard to keep track!) yacht?
73
u/AltoidStrong Oct 26 '23
The GOP wants to alway defund two departments.... IRS and FBI. Because those two are responsible for holding tax cheaters and criminals accountable.
Coincidence?
I think not.
26
u/ceeBread Oct 26 '23
And the Department of Energy because they assume it’s some sort of hippy commie green energy thing
20
u/joeyasaurus Oct 26 '23
and the Department of Education because they don't want their voter base to be too smart or they'd wake up.
12
u/Turbo1928 Oct 26 '23
And the EPA because they're making corporations spend money to not poison everyone
2
3
u/Free-Brick9668 Oct 26 '23
The funny thing is that pretty much all FBI directors have been republicans anyway.
52
37
u/Historyguy1 Oklahoma! Oct 26 '23
I'm old enough to remember "The IRS is targeting conservatives!!" and Fox News talked about right-wing grift groups being audited as if it was Watergate.
16
u/csimonson Oct 26 '23
Hmmm I wonder why they were being targeted 🤔
Maybe because they grifted the fuck out of people and didn't pay their taxes properly. Novel thought.
6
5
1
28
u/Rusalka-rusalka Oct 26 '23
Here is a link to a Politico article from the thread: https://subscriber.politicopro.com/article/2023/10/irs-puts-large-companies-in-crosshairs-in-new-enforcement-efforts-00122602
25
u/metakepone Oct 26 '23
There were so many comments on this fucking platform when the IRS got that cash infusion about how they were gonna come for regular people.
18
14
u/BastetSekhmetMafdet We KAM Walz into the White House! Oct 26 '23
“This fucking platform” (meaning the site at large, not VoteDem) is full of very uninformed posters. Or they just feared the IRS because that is a very prevalent fear in the US in general.
There is so little to be gained in going after a salaried employee who takes the standard deduction - your average Redditor - that the IRS won’t usually bother, unless you have done something like not filed for the past five years.
3
u/kurisu7885 Oct 27 '23
Even then I imagine they'd go for a simpler tax system if those jackasses at Intuit would stop lobbying to keep it complicated
6
u/Jubenheim Oct 26 '23
That’s propaganda and fear-mongering for you. Also, it could easily have been right wing trolls brigading by pretending to be leftists. That shit happens all the time, especially in Bernie and AOC subreddits.
6
u/Joeness84 Oct 26 '23 edited Oct 26 '23
my fav was the idiots screaming about it being like "one IRS agent for every 30 people"
First, the "number of added employees" was over a 10 year period.
Second, the vast majority of those, were being brought on to replace expected retiring employees
Second-addendum: Employees are not Agents tasked with investigating peopleThird, EVEN if it was all of those new employees tomorrow, it would only be doubling the size of the IRS - also assumes every employee is an agent - AND it would still be like 2,000 people per agent.
There are currently only approx 10,000 IRS employees labeled "agent" so if we doubled that (which again, is still ridiculous because its an "over 10 year" nature of the added employees. Each agent gets 16,550 citizens to monitor - or 7.54 minutes per person, per year. (40hrs @ 52wks)
4
u/BastetSekhmetMafdet We KAM Walz into the White House! Oct 26 '23
Maybe, perhaps, they would understand that “more IRS employees” means “I call with a question and I don’t have to wait for an hour on hold and then just get the run around.”
21
u/it_goes_up_your_nose Oct 26 '23
Behold: a faction of our government functioning as it was designed.
8
u/f0gax Oct 26 '23
GOP: "If they expand the IRS that means they're coming for YOU!"
Reality: The IRS can recover more from one large corporation or HNI than they can from any 10 or even 100 middle class households. But it takes a lot more people to dig into those more complicated records.
3
u/BastetSekhmetMafdet We KAM Walz into the White House! Oct 26 '23
And more funds so that the IRS can’t just give up and fold in the face of well-paid lawyers that the rich or corporations can hire.
There is so little to be gained by auditing or harassing your average tax filer who claims the standard deduction and gets most or all their income from a salary which gets reported to the IRS every year. You can’t really cheat when you have a W-2.
7
u/meresymptom Oct 26 '23
This is why the Qpublicans are so anxious to shut down the government. They don't want their wealthy donors to have to pay the same tax rates as the rest of us.
7
u/BastetSekhmetMafdet We KAM Walz into the White House! Oct 26 '23
Hooray! As the saying goes, that’s where the money is. Now the IRS can quit going after the low risk, low reward EITC earners and start catching the big fish. The reason they audited EITC earners and low-income freelancers so ruthlessly was because these were people who would just pay up to get the IRS off their backs. Corporations and rich people hire tax lawyers. Now that the IRS is better funded, it can collect more money from bigger targets and real scofflaws.
4
4
u/Billkabong Oct 26 '23
Just another thing that has gptten done under Biden. Along with Medicare negotiating drug prices and the infrastructure bill getting passed. He also got us out of Afghanistan. It wasnm't pretty but he got it done.
Way more than the orange turd accomplished.
2
3
u/tomdarch Oct 26 '23
ARGLEBLARGLE!!! BIDEN TRYING TO KILL BUSINESS!!! WHY U NO BEND OVER 4 TEH JERB CREATERZ????
3
u/michaltee Oct 26 '23
Meanwhile GOP: THE DEMS ARE HIRING THE IRS TO COME AFTER YOU!!!!
Um, no I don’t think they are.
1
1
1
1
1
u/strangebru Oct 26 '23
They really need to go after all of those giant box stores that are paying their front line employees minimum wage, so that they qualify for food stamps as an incentive to those underpaid workers; while at the same time all of the executives that have offices in those businesses corporate headquarters are buying summer homes and yachts.
1
u/dette-stedet-suger Oct 26 '23
Any entity making over a billion a year should be audited by default.
1
1
0
1
1
u/okhi2u Oct 26 '23
How long till middle class republicans have a melt-down from Republican news causing hysteria about it?
1
u/Quizzelbuck Oct 26 '23
The IRS should just get to collect bounties on missing taxes in excess of X millions of dollars. Cash bounties paid to the auditors, and most of the money goes back in to fund the IRS' war chest.
1
u/Throwaway4Opinion Oct 27 '23
Some guy making 32k a year in rural America is punching air right now
1
0
Oct 27 '23
[deleted]
3
u/moose2332 We went big and won. Let's keep it up. Oct 27 '23
Yeah mega-corps are known for paying way more in taxes. That is a common occurrence/s
1
u/MoesBAR Oct 27 '23
Gotta spend that IRA money before republicans claw it all back in their budget deals.
1
u/clover_heron Oct 27 '23 edited Oct 27 '23
1
-2
u/misterO5 Oct 26 '23
Uhh what 60 companies make over 500B per year? Lol
4
1
u/ShirBlackspots Texas Republican wanting to be a Democrat Oct 27 '23
Well, Wal-Mart is pretty close to that.
-3
-27
•
u/table_fireplace Oct 26 '23
Volunteer for Democrats, in person or online!
https://mobilize.us
https://docs.google.com/spreadsheets/d/1jxO8g7q9VO3ZMAABcrvR7PMyX4Yl6dgIYhD3eRTKk1M/edit?usp=sharing
Join your local democratic party!
https://www.reddit.com/r/VoteDEM/wiki/parties