Republicans have complained that hiring more IRS agents means that more middle-class Americans will end up being audited. The IRS has instead said that they're struggling to go after the wealthiest taxpayers because it means a protracted legal battle and court fees.
In Congress, the legal fight for President Donald Trump’s tax returns is about to kick into high gear, with the House Ways and Means Committee invoking a federal law to instruct the IRS to hand over six years of the president’s taxes.
We can’t know for sure what Trump might be hiding, but if anyone is in a position to offer an informed theory, it’s David Cay Johnston. Johnston won a Pulitzer Prize working the tax beat for the New York Times and authored the seminal book, Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super-Rich–and Cheat Everybody Else.
Imagine investing $80 over a decade and getting a $180 return. Pretty good deal, right? Now multiply those figures by a billion dollars and you get an idea of how much American citizens will benefit from additional federal funds being allocated to the Internal Revenue Service.
Trump voters have taken to Twitter to express their outrage over the fact that they aren’t getting those lofty tax cuts that the Republicans promised them.When the legislation was passed, middle class and working class Americans were told that their taxes would go down starting in 2019, but so far...
Occupy Hades's insight:
It was only a matter of time until the vampire Republicans in the GOP leadership incurred the ire of their taxpaying, working class and middle-class constituents because nobody likes getting double-crossed. Nobody.
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