President Joe Biden reportedly wants to give the Internal Revenue Service an additional $80 billion and more authority to help crack down on tax evasion by high-earners and large corporations.
Two people familiar with the plan told The New York Times the president sees the efforts as a way to help pay for his massive economic plan.
Besides the money and increased enforcement power, Biden’s proposal includes new disclosure requirements for people who own businesses not organized as corporations, and for other wealthy people who might be hiding income from the government.
Administration officials believe aggressive crackdown on tax avoidance by corporations and the wealthy could raise at least $700 billion on net over 10 years.
Read more at NEWSMAX.
{Matzav.com}
How about enforcement on welfare fraud too?
Eighty BILLION dollars to the IRS? To go after the wealthy only?
How hostile to business of an environment does he want to create?
I support raising taxes on the wealthy and corporations but this is getting out of hand.
Define wealthy. What’s middle class to one is wealthy to another.
Is that $8,000 or $80,000? Is it 8,000,000 or $80,000,000? 8 mil or 8 bil. This president can’t seem to figure out the difference! Numbers confused him during the campaign.
Yeh. He has no problem with yenims money. His own……….uh uh.
“WASHINGTON — Democrat president Joe Biden and his wife gave an average of $369 a year to charity during the past decade, his tax records show”
ABC news
Why would anyone even bother posting a comment or even read this article after Tucker Carlson’s clear exposure of the fake Biden?
https://matzav.com/watch-tucker-biden-has-no-active-role-in-running-the-government/
> “who own businesses not organized as corporations, and for other wealthy people ”
Is someone “wealthy” just because a business is not organized a corporation? Seems like a play on the meaning of the word “wealthy”. And usually the reason a business is not incorporated is exactly because it is too small to afford the overhead and hassle of incorporation rules.