The face of a Socialist, they all look alike

Crossville TN

Description

IRS disproportionately targets low-income Americans when it conducts tax audits each year. In fact, households with less than $25,000 in earnings are five times as likely to be audited by the agency than everyone else, according to a recent analysis of tax data from fiscal year 2021 by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University. According to the Syracuse study, more than half of the correspondence audits initiated by the IRS last year — 54% — involved low-income workers with gross receipts of less than $25,000 who claimed the earned income tax credit, an anti-poverty measure. The discrepancy is primarily due to high-income taxpayers having complex investments that can easily shroud the gaps between taxes owed and paid vs. taxes reported and paid. Revenue raised by the policies will go toward initiatives designed to combat climate change and curb pharmaceutical prices, as well as efforts to reduce the nation's $30 trillion debt. It includes about $433 billion in new spending, while roughly $300 billion of the new revenue raised would go toward paying down the nation's deficit. OUR DEBT IS A DIRECT RESULT OF PRINTING MONEY BY THE FED, ABOLISH THE FED AND SAVE SOMEY! THESE PEOPLE ARE SOCIALISTS, THE DEMOCRAT SOCIALIST PARTY, LIKE THEY HAVE ADMITED ALL ALONG.