Saturday, April 08, 2023

IRS ' New Audit Standards

Some discussion of the plan on CNBC.

On Thursday’s broadcast of CNBC’s “Last Call,” host Brian Sullivan reacted to the IRS’ new spending plan by stating that there is no way that the plan won’t result in increased audits on the middle class.

While interviewing Rep. Nicole Malliotakis (R-NY), Sullivan stated, “I know there’s been a lot of media that’s been like, they’re going to hire 87,000 agents, no, they’re not. But it doesn’t seem possible that there’s no way this doesn’t also raise audits on middle-class people.”

Malliotakis responded, “Absolutely. Secretary Yellen came before our Ways and Means Committee last month and she basically said that the percentage would remain the same across the board. And that means that 90% of the audits will be for those under $400,000 a year....

So it won't be 87,000 new agents.

But they won't be "middle class" audits, either, Rep. Malliotakis.

They will be audits of 'terrorists' who contributed to Trump, or go to the Latin Mass, or speak at school board meetings, or refuse to Say the Lie that boys-are-girls-girls-are-boys, and/or who possess AR's.

There.  Now that's clear.

 

No comments: