The IRS is going after high-income earners who skipped out on filing federal income tax returns in more than 125,000 instances since 2017, the agency said Thursday.
They’re believed to owe, based on a conservative estimate, hundreds of millions of dollars, the IRS said. The number could be much higher – but the IRS said it can’t be sure of an exact amount since the agency doesn’t know what potential credits and deductions these people may have.
“At this time of year when millions of hard-working people are doing the right thing paying their taxes, we cannot tolerate those with higher incomes failing to do a basic civic duty of filing a tax return,” IRS Commissioner Danny Werfel said in a press release. “The IRS is taking this step to address this most basic form of non-compliance, which includes many who are engaged in tax evasion.”
When most of the tax goes to blowing people up across the world, F the taxes.
You know what doesn’t make a politician popular? Increasing the aggressiveness of a mob organization that shakes down its citizens anywhere in the world. Americans need to realize that they are the only country other than Eritrea that taxes every penny every citizen and permanent resident make for their entire lives anywhere in the world.
In a civilized country you are taxed locally for what you earn locally and it pays for services. In the US you are taxed globally for what you earn outside its jurisdiction and then they use that money to actively antagonize a large portion of the world on your behalf.
Edit: And yet again it just shows the majority of users on here are idiotic Americans that don’t comprehend anything outside their stupid little bubble of American Football, NASCAR, and shooting school children for sport. Stupid idiotic country.
What’s the matter? Afraid you might have to pay your fair share?
People paying taxes on money they earn overseas is such a non-issue you chode. They get an exemption of over a hundred thousand dollars worth of their income earned overseas.
You’re either an idiot or a paid troll. I would be nicer to you except the way you’re talking with such conviction needs to stop.
Also, what they’re saying is completely untrue. In most countries you need to report your foreign income and may have to pay taxes on it. I’m a Canadian and we need to report foreign income. We have tax treaties, so taxpayers (generally) aren’t double taxed. However, a lot of cross boarder Canadian workers pay less tax in the US than they would at home, so they are required to pay the difference to the CRA.
We have to report it in the US too. It’s annoying because one of my wife’s mutual funds has foreign stocks and I always have to search for what country it is for the dividend form.
Most of the tax goes to Healthcare and Social Security, 45% of the budget. Defense is 13%.
SS and Medicare are largely funded by dedicated taxes (the payroll tax), and the spending is mandatory - it is spelled out in the laws that created these programs.
The discretionary part of the budget is where general taxes on income, inheritance, etc. go, and where everything else the government does is financed. Foreign aid, infrastructure investment, grants, disaster relief… everything besides SS Medicare/Medicaid.
US Military spending is more than half of discretionary spending.
I’m household terms (which is a bad analogy) after paying the mortgage and utility bills, we spend more than half of what is left of the paycheck on guns and ammo.
Imagine thinking you don’t have to pay taxes because you disagree with how they’re spent
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Hope you enjoy paying taxes to his government the next 4 years.
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I’m not american or a boot licking statist so, wrong again. You seem really schizophrenic, complete lack of cohesion/logic in your political thoughts.
^ poster mad he lives in a society.
The US is a failed society.
Wow edgy