President Biden's plan to beef up the Internal Revenue Services' capacity to monitor corporate and high-income tax cheats is drawing criticism from from two likely sources: mega-billionaire and vicarious space cadet Elon Musk and far-right winger and ammosexual loon Rep. Lauren Boebert (Insurrection-CO). First, it's important to note that Musk paid no Federal income taxes on his enormous wealth in 2018, and that Boebert has been involved in sketchy and likely illegal use of campaign funds to pay off tax liens and other debts.
Musk saw a Boebert tweet complaining about the added capacity for the IRS -- some 87,000 staff over 10 years -- and responded positively, suggesting without evidence that the added staff would be auditing "everyone else." What neither Boebert nor Musk bothered to note was that the difference being payed by his fellow greedheads and what was actually owed is estimated to be over $7 trillion over the next ten years. The IRS will need staff -- auditors, accountants, lawyers and support -- to dig into the tax dodges and smokescreens that corporations and wealthy individuals (not just billionaires) pay armies of tax attorneys and accountants to concoct and defend.
If grifters and greedheads like Boebert and Musk have nothing to hide from the IRS, then they should have no problem with its staffing up. That they have a problem with it speaks volumes.
1 comment:
Sadly I fear that any Voting rights bill will go the same way as Obama's promise on "card check" policy to workers on unionisation drivess.
No where.
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