The main purpose is to increase enforcement as the IRS will now be gifted with funds for “litigation,” “criminal investigations,” “investigative technology,” “digital asset monitoring” and a new fleet of tax-collector cars.
Who will be the subject of that enforcement? "The Joint Committee on Taxation, Congress’s official tax scorekeeper, says that from 78% to 90% of the money raised from under-reported income would likely come from those making less than $200,000 a year. Only 4% to 9% would come from those making more than $500,000."
The people who make less than $200,000 don't have funds to fight the IRS so they will just fold.
Brought to you by your local Democrats!
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winners and losers. Surprise, surprise...mixed fuel cars now get big subsidies. Hello GM, we're going to take care of you.
g far more than $80B per year.
So this is really targeted at middle class and upper middle class.
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