>The proposal also calls for increasing the information the I.R.S. has at its disposal.
and that is the nature of government going forward.
Good luck everyone.
and that is the nature of government going forward.
Good luck everyone.
The more relevant part is actually funding the IRS at a level capable of doing its job after decades of systematic gutting. Oh, and if we could actually simplify the tax code and fix the data collection we wouldn't need as many resources in the first place.
Almost nobody employed should have to go through yearly hoops to file taxes. Heck, we probably could eliminate filing and refunds all together were the tax reporting system advanced.
That'd free the IRS to spend their time getting taxes from the people most likely to be dishonest about their taxes.
not gonna happen. there's so many cushy bureaucrat jobs depending on an over-complex tax system that no one's going to touch it.
The American myth of cushy bureaucrat jobs, and that the creation of such jobs is a major force in policy, is propaganda.
I still can't get over how people fail to realize that arbitrary thresholds for financial reporting (initially set in 1970 at $10k[0]) haven't been adjusted for inflation. To the point where in a not so distant future, settling up funds with friends at a large dinner could in certain cases be considered "structuring"[1]. You have access to all of my credit card records, basically everything I do online, figure it out.
The fed boys have more than enough info, but of course we should trust them with it to tax the rich... Full disclosure, we should definitely tax a-holes with billions in their Roth IRA.
0 - https://www.fdic.gov/regulations/safety/manual/section8-1.pd...
1 - https://www.investopedia.com/terms/m/moneylaundering.asp
You might as well jump straight to a conspiracy charge.
That's a bonkers thing to fear, bordering on conspiracy theory. The feds aren't chomping at the bit so they can bust you and your friends for everyday behavior.
Now, that's not to say they might exploit it in a three-felonies-a-day sense to get someone they have their eye on for other reasons (a-la Al Capone and tax evasion), but if the law too often leads to unjust results, it will be changed. Especially if the unjust result is experienced by people with power and influence (and not just the poor and marginalized).
The track record for that is unimpressive at best
> Especially if the unjust result is experienced by people with power and influence (and not just the poor and marginalized).
The track record for things working out that way is really, really bad
But since it will only be used against 'bad' people, no problem.
If you cut to the chase and give them unlimited powers all sorts of moral improvements will take place.