Democrats’ tax and spending spree will more than double Americans’ chances of being audited as it targets lower and middle-income earners. The proposal will lead to an additional 1.2 million IRS audits each year, nearly half of which will hit middle class families making less than $75,000. All this so Democrats can wring an extra $200 billion out of the American people, particularly from middle-class families and small businesses.

• Biden’s plan to supercharge the IRS with $80 billion in mandatory funding and 87,000 new IRS agents will lead to drastically higher audit rates for all Americans at every income level according to the Congressional Budget Office.
  What does that mean for Americans? More than double the chance of being audited. And not just for the rich.
• There would be more than 1.2 million more individual audits per year.
  Nearly half of these audits—over 583,000—would be on Americans making up to $75,000 a year.
  Even the lowest income Americans would see more audits with a quarter of these audits—over 313,000—hitting Americans making up to $25,000 per year.
  This also will mean more than 800,000 more federal tax liens on taxpayer property such as homes and vehicles.
• The best available information/data shows that the majority of underreported individual and small business income is from those making between $0 and $200,000.

Bottom Line: The Biden plan will mean more audits of the middle class and lower-income Americans, 800,000 more federal tax liens per year, and more IRS shake downs of American families and small businesses

gop-waysandmeans.house.gov/americans-chances-of-audit-more-than-doubles-as-newly-supercharged-irs-targets-lower-middle-income-earners

Government is going broke and will try to get every red taxable penny out of you

They should try spending less

But wont

Ktt users got accountants and foreign banks fr

Is this in the BBB bill?

Yes

Also BBB bill has $280 Billion tax cut for the rich

Nearly a trillion dollars they could pay for it

SALT deduction isn't just for the rich, middle class will get that too.

Should have voted trump

And it'll still be too hard for the IRS to audit the rich

wring an extra $200 billion

Bro go after the rich guys that actually pay nothing in income tax wtf

There much more buried boons and breaks for the wealthy

economist.com/united-states/2021/12/04/the-buried-boon-to-the-wealthy-in-the-democrats-tax-plan

Wouldn't shock me. Democrats do the most not to hurt their donors. Hopefully based Manchin prevents anything from passing.

Yeah, he never cut taxes for the rich

You linked to the GOP Ways and Means committee as a source??

Lol

My tax guy good af

They pay for the donations that get people elected

“Based Manchin”

It’s the tax-writing committee of the government they’re in the same room it’s the same people

The only good thing Biden has done was being quick and heavy on vaccination. Otherwise there’s been no benefit over trump

In fairness Biden wanted to tax unrealized capital gains for billionaires and most people were having aneurysms and calling it communism.

Trump also probably would've stayed in Afghan

? That’s madness he was never planning to do that that was to appease fools