You Can’t Tax the Rich Without the IRS — ProPublica

From the article:

Slowly and quietly over the past eight years, the IRS has been eviscerated. It’s lost tens of thousands of employees. It has fewer auditors now than at any time since 1953. In real dollars, the agency’s budget has dropped by almost $3 billion since 2010.

The top 0.5% of highest-earning Americans account for about a fifth of the income that’s hidden from the IRS, according to one University of Michigan study, or more than $50 billion a year in today’s dollars.

Source: You Can’t Tax the Rich Without the IRS — ProPublica

Being an auditor by career, the gutting of the IRS is something I hear about from my colleagues. I’ve talked about it before.

It infuriates me that the ultra rich, with the complicity of our legislature, has gutted the IRS so that they are not paying their fair share of taxes. Apparently if you have enough money, you can change the very laws to favor you. That is just the very epitome of unethical.