The IRS anticipates more than 10% drop in tax receipts by the April 15 deadline.
This is equal to over $500 billion less than the $5.1 trillion collected in 2024.
This is linked to recent workforce reductions, including the layoff of approximately 7,000 employees.
Trending: Who Expected Bill Maher to Drop This Truth Bomb About NPR?
Most of those in compliance and enforcement roles (in other words, those that uphold the coercion factor of the IRS).
“But the IRS doesn’t use coercion!”
What’s the definition of that word?
Coercion: The practice of persuading someone to do something by using force or threats.
And doesn’t the IRS threaten every single American with penalties and/or prison if they don’t hand over their cash?
ADVERTISEMENT
The US Internal Revenue Service (IRS) is bracing for a significant drop in
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!