Good, this is a necessary step to curbing their power granted to them by wealth…More of these assholes need to pay their fair share instead of dodging their responsibility. Good things like better healthcare and other social safety nets could be funded with that financial excess; if only our politicians were on board with those great ideas, hopefully, we can vote the good ones into office. (I’m an odd mix of cynic and idealist, this is truly a farfetched idea at the moment).
A 50% increase from 0 is still 0.
If you’re actually curious you can just use the percentage from article and do simple math to find the number.
So IRS completes about 582,944 tax return audits in a year:
https://www.irs.gov/statistics/compliance-presence
Audits of taxpayers making more than $10 million will go from 11% of audits to 16.5%.
So the number of audits of individuals making more than $10 million will go from about 64,000 to about 96,000, if the number of audits remained constant.
So, like, six?
BOO! I do NOT want MY Tax Dollars going to auditing and collecting MILLIONS from BILLIONAIRES! I WANT my Tax Dollars to go to JAILING POOR KIDS!
Incoming spin story from the usual suspects about how the IRS is coming for the average taxpayers to steal their money
Rich folks just can’t catch a break in this country anymore
This will be devastating to their yacht plans
“He’s not hurting the people he needs to be hurting”.
That’s where the money is. Don’t f with the middle class (and the lower class, if that isn’t obvious - they already pay a disproportionate amount of their income if they have one on regressive taxes), or even really the single millionaires. The people most likely sitting on tons of unpaid taxes are the upper-upper-upper crust, and paying more of their fair share won’t hurt them at all.
Also, this is really popular with the majority of Americans.
Noooooo! Think of all the non-uber-rich that might get away with selling $500 worth of used shit without paying their due capital gains!
