Your own personal IRS agent?
Interesting math behind the Biden plan to hire 80,000 IRS agents to make sure persons and corporations earning over $400,000 per year are paying their fair share.
2,800,000 = the approximate number of American tax filers who earn more than $400,000
80,000 = the number of additions new IRS agents Biden plans to hire to assure the above will pay their fair share
35 = 2,800,000 divided by 80,000
At 35 to 1, this is like someone earning more than $400K will have the equivalent of a personal IRS agent looking over their financial affairs. Contrast this to the 790 to 1 ratio of police officers to citizens in my community. Put another way, the US government is far-far-far-far more focused on the rich 2% paying their taxes than the city is on protecting the people from being murdered, raped, assaulted, robbed, etc. Why so many "far"s? Because 35 to 1 compared to 790 to 1 is a big, big difference.
Digging further into the insanity ....
$100,000 = the annual approximate cost of employing one IRS agent (a pretty conservative estimate)
$2,857 = $100,000 divided by 35
To pay for the 80,000 additional IRS agents, the IRS will have to squeeze an average of an additional $2,857 from everyone earning $400K+ just to pay the salary and benefits of the additional IRS agent hired to make sure the over $400K taxpayers are paying his/her fair share.
How did this kind of crap get into a bill called the "Inflation Reduction Act"? It sounds more like it belongs in a bill designed to fund the Gestapo.
2,800,000 = the approximate number of American tax filers who earn more than $400,000
80,000 = the number of additions new IRS agents Biden plans to hire to assure the above will pay their fair share
35 = 2,800,000 divided by 80,000
At 35 to 1, this is like someone earning more than $400K will have the equivalent of a personal IRS agent looking over their financial affairs. Contrast this to the 790 to 1 ratio of police officers to citizens in my community. Put another way, the US government is far-far-far-far more focused on the rich 2% paying their taxes than the city is on protecting the people from being murdered, raped, assaulted, robbed, etc. Why so many "far"s? Because 35 to 1 compared to 790 to 1 is a big, big difference.
Digging further into the insanity ....
$100,000 = the annual approximate cost of employing one IRS agent (a pretty conservative estimate)
$2,857 = $100,000 divided by 35
To pay for the 80,000 additional IRS agents, the IRS will have to squeeze an average of an additional $2,857 from everyone earning $400K+ just to pay the salary and benefits of the additional IRS agent hired to make sure the over $400K taxpayers are paying his/her fair share.
How did this kind of crap get into a bill called the "Inflation Reduction Act"? It sounds more like it belongs in a bill designed to fund the Gestapo.
80-89, M
