Summary

The IRS anticipates a $500 billion revenue loss as taxpayers increasingly skip filings following cuts from Elon Musk under Trump.

The IRS, set to downsize by 20% by May 15, has seen increased online chatter about avoiding taxes, with individuals betting auditors won’t scrutinize accounts.

Experts warned that workforce reductions could cripple the agency’s efficiency.

Treasury officials predict a 10% drop in tax receipts compared to 2024.

Former IRS commissioners have criticized the cuts, warning of dysfunction and reduced collection capacity.

    • shortwavesurfer@lemmy.zip
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      2 months ago

      Right, I’m all ears. Where exactly on planet Earth can you go that is not ruled by a government? As far as I can tell, you have no choice.

      • Madison420@lemmy.world
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        2 months ago

        Nowhere that’s the point. There are places that have very little actual government and a lot of violence or places with lots of government and comparably less freedom to do some things. You choose, you just don’t like your choices and that’s understandable, what’s not understandable is assuming no government is better than functional government.

        • shortwavesurfer@lemmy.zip
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          2 months ago

          I wouldn’t know. I only know how the western world portrays Somalia. And I’m guessing that’s what you’re basing your comment on.

          • T00l_shed@lemmy.world
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            2 months ago

            Don’t mistake what I am saying as denigrating to the Somalian people. They are hard working and trying to get by.