[louisvillekid]

The only people that will end up taxed more will be people like me that get a paycheck w/taxes automatically taken out.

At some point even all of us workers will have to start wanting to be 1099 workers and every individual worker in the Country will become an independent contractor and our own potentially/hopefully retirement investments will be self-financed and, we'll all have crazy tax returns with a gazillion write-offs for our personal expenses for every single item we use every single day. We'll be itemizing the fook out of it, just like businesses/corporations.


From this article. ----

"What we don't want is an over-intrusive IRS getting into small businesses and causing inappropriate burdens," said Sen. Rob Portman, R-Ohio, who helped secure the deal, in describing what Republicans were trying to prevent as part of their agreement on IRS enforcement.

IRS funding from Congress fell 20% in inflation-adjusted dollars between 2010 and 2018, according to a report last year by the Congressional Budget Office. The cuts resulted in a 22% decline in the number of IRS staff.

The number of employees in the enforcement division - the part of the IRS that goes after unpaid taxes - declined by 30%, with even steeper drops among the highly specialized workers who handle the most complex cases.

As a result of the cuts, the number of IRS examinations dropped by 40% between 2010 and 2018, even as the number of tax returns filed increased by 5 percent, the CBO found. The audit rate for returns with more than $1 million in income dropped even further, by 63%. And while nearly all corporations with assets of $20 billion or more were audited in 2010, just half were audited in 2018, the CBO found.

"The big corporations and the wealthiest taxpayers can take advantage of a very complicated tax code and take very aggressive positions . . . and the IRS cannot dispute them," said Janet Holtzblatt, a senior fellow at the Tax Policy Center. "The IRS with its depleted resources is not in a strong position to dispute the argument that this is avoidance and not evasion."

Nina Olson, executive director of the Center for Taxpayer Rights and the former U.S. National Taxpayer Advocate, said the IRS needs "significant resources" to improve its employees' skills and modernize its technology.

"There is no doubt in my mind that the IRS needs sustained investment," Olson said. "The way that the IRS approaches enforcement now and compliance now is mired in the 20th century."

The IRS budget cuts over the past decade were driven primarily by congressional Republicans, stemming in part from the agency's crucial role in enacting the Affordable Care Act, President Barack Obama's landmark domestic legislative achievement. GOP hostility toward the IRS mounted further in 2013 when an IRS watchdog alleged that the agency had targeted nonprofits affiliated with the tea party and other right-leaning groups for scrutiny.

But over the last few years, Republicans and Democrats alike have expressed concern about the extent of cuts to the IRS. Former Treasury Secretary Steven Mnuchin said in his confirmation hearing in 2017 that the IRS was "under-resourced to perform its duties," and IRS commissioner Charles Rettig, a Trump appointee, said in Senate testimony this month that "budget cuts over the past decade have resulted in an agency that lacks the capacity to address sophisticated tax evasion efforts."

https://www.yahoo.com/news/bipartisa...130627410.html

[MinnesotaFats]

You are 100% correct

But

People who are 1099 don't like paying in...they don't pay often in fact.

So, the government intervened under Obama starting with FedEx Ground and the Workers Comp lawsuit. It's since expanded to a great many other industries and don't be surprised if Uber or Lyft wind up getting classified as employees soon so there can be taxes withheld rather than paid in.

If we were smart, as a country, we'd vote for a candidate who'd eliminate withholding or personal income tax altogether

[Tuesday]

The only candidate who'd eliminate income tax was Ron Paul of the Libertarian Party, america missed their opportunity to elect him years ago.

[PharaohUB]

Never understood the logic behind taxing income. If you’re penetrating working it’s because you need the money. Or else why you working. It just benefits the rich and already wealthy people. Raise sales tax I don’t give a fck. Taxing income just hurts hard working people. What kind of logic is it to penalize those who are keeping the world spinning.

[MinnesotaFats]

Never understood the logic behind taxing income. If you’re penetrating working it’s because you need the money. Or else why you working. It just benefits the rich and already wealthy people. Raise sales tax I don’t give a fck. Taxing income just hurts hard working people. What kind of logic is it to penalize those who are keeping the world spinning.

Ask your Democrat Party

Jefferson once said taxing the personal industry of a human was akin to enslaving him

But I get the logic of encouraging workers to strive for self employment...