Skip to main content

View Diary: Want to Reduce the Deficit? Start by Funding the IRS (81 comments)

Comment Preferences

  •  Thanks for the explanation (1+ / 0-)
    Recommended by:
    johnny wurster

    the first number seems a tad silly - i.e., it would vary considerable just with the normal ebb and flow of the economy.

    the second one makes some sense, but is it based on the entire IRS budget, or just the amount devoted to collection of evaded taxes?   If the former, then it is not really an appropriate metric - and the 7:1 ratio might be underestimated in fact.

    But, if the 7:1 ratio is correct along with Wikipedia's estimate of about $300 billion evaded taxes, that would mean that enforcement funds would have to bumped up to over $40 billion - or about 4x the entire current IRS budget.   Fat chance that * that * is going to happen!

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site