The timeline of the taxman is quite short. The Inflation Reduction Act shortened it. They’re coming for all of us in several years or sooner, mush sooner, except for historical numbers. Danny Werfel In February, if confirmed as IRS commissioner, Daniel Werfel said he would commit to not increasing tax audits on businesses and households making less than $400,000 per year.
The Inflation Reduction Act — the tax and climate package enacted last summer — earmarked $80 billion for the IRS over the next decade and a half. The money is intended in part to facilitate more audits of corporations and wealthier individuals.
Ahead of the bill’s passage, Treasury Secretary Janet Yellen pledged that there would be no increase in the audit rate for households and small businesses with annual incomes below $400,000 “ relative to historical levels .”
Whatever historical levels mean!In August, the CBO confirmed that the Inflation Act unleashes […]
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It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
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