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Comment by Alupis | Hacker News Reader

2 points·Alupis··6 comments

@Alupis You know you are not supposed to editorialize titles out of ideology.

(Otherwise please use the original title, unless it is misleading or linkbait; don't editorialize.) https://news.ycombinator.com/newsguidelines.html

Title: "IRS tops $1 billion in past-due taxes collected from millionaires; compliance efforts continue involving high-wealth groups, corporations, partnerships"

Yeah, the $1.3B was what they recovered before the new funding, which just happened in the beginning of August.

Seems highly improbable, given the scale, that they'll recover an additional ~$79 Billion next year, and the year after, etc.

To make this enforcement cost effective, it needs to recover more than the $80 Billion budget increase annually, no?

> To make this enforcement cost effective, it needs to recover more than the $80 Billion budget increase annually, no?

Improved enforcement can deter tax avoidance in addition to directly recovering money.

Does it?

If you are avoiding taxes on purpose, it might still be cheaper to wait for an audit and see what they decide you need to pay.

In any event, recovering and or deterring $80+ Billion annually is a long way to go from where we are today.

If we do recover $80+ Billion annually, what did we accomplish? Funding the federal government for an additional 6 hours?

That is pure nonsense. The IRS does not have anywhere near an $80 billion annual budget in total.

Where are you getting those numbers?

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