In order for Joe Biden to get all the cash for his socialist agenda, he’ll need the IRS working overtime. If he intends to raise taxes and make the wealthy pay their “fair share,” then the agency devoted to collecting taxes needs to have the manpower to get it done. He is proposing to double the size of the IRS, adding 80,000 new agents.
Not sure where he’s going to get all those people (maybe from the border jumpers he keeps letting in?). But critics quickly jumped on this plan. Biden says he is doing this to properly tax the rich. One of the richest men in the world, however, blasted the doors wide open on this scheme.
From New York Post:
Tesla CEO Elon Musk and Rep. Lauren Boebert teamed up to rip President Joe Biden’s effort to double the staff of the Internal Revenue Service in a bid to crack down on ultra-wealthy tax cheats…
“An increase of 87,000 supposedly to monitor the 614 billionaires in America,” she tweeted Sunday, prompting a response from one such billionaire, Musk — worth some $311 billion.
“The IRS already has dedicated audit teams for high net worth individuals. The doubling of staff is for everyone else,” Musk warned.
How interesting. Biden kept saying he needed to bolster the IRS in order to further tax America’s billionaires. Yet Rep. Boebert pointed out that there are only 614 billionaires in America. Does Biden really need 80,000+ IRS agents to take such a small group?
Billionaire CEO Elon Musk doesn’t think so. He responded to the Republican’s comments by saying the IRS already has special audit teams for “high net worth” people. Instead, Musk claims this “doubling of staff” is for everyone else in the country.
Musk seems to be warning Americans that Biden’s intention is to hire more IRS agents to go after regular Americans. As things stand now, the IRS lacks the manpower to audit and harass most middle- and working-class Americans.
But if Biden hired 80,000 more agents? Then there is no telling how much pain the IRS will put Americans through. Most Americans are already paying their “fair share” in taxes, perhaps more than what’s fair. There is little reason for the IRS to shake us down.
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It appears Biden is trying to get every last red cent from working Americans, to bolster an agenda that rewards people who refuse to work and non-citizens who come here illegally. Is that right? If Biden gets his way, you might be audited every year.
And that’s just the tip of the iceberg. The IRS will hammer you for every expense or deposit not listed on your W2. Got a Christmas check from grandma? Look out–because an IRS double its current size will want to tax you on even that.
We know tax increases never really hurt the rich. Billionaires like Musk have lawyers and accountants that make sure they never pay more than they are required. The rest of us? We get hammered every year. Do you think H&R Block is going to protect you from Biden’s weaponized IRS?