Nobody likes the IRS.
That became doubly true under the Biden administration.
And the IRS made one statement that will leave your jaw on the floor.
According to a statement from the Internal Revenue Service (IRS), the federal government experienced a $688 billion shortfall in tax receipts due to non-filing, underreporting, and underpayment.
The announcement signals that inflation will only get worse because when the federal government cannot rake in enough money, it pumps more cash into the money supply, which devalues the money that people already have.
The IRS said that the tax gap was “a significant jump” from previous years’ estimates.
IRS Commissioner Danny Werfel said in a statement, “With the help of Inflation Reduction Act funding, we are adding focus and resources to areas of compliance concern, including high-income and high-wealth individuals, partnerships and corporations…These steps are urgent in many ways, including adding more fairness to the tax system, protecting those who pay their taxes and working to combat the tax gap.”
The Biden administration made noise when it came to light that the federal budget included money for 87,000 more IRS agents and a new headquarters.
Some were concerned that more everyday Americans would be targeted, and not just giant corporations.
For instance, the IRS put out a recruitment video that showed agents going after a landscaping business.
Congressman Thomas Massie of Kentucky wrote on social media, “Notice the scenario in this IRS recruiting program is ‘taking down a landscape business owner who failed to properly report how he paid for his vehicles,’ not ‘taking down a billionaire who uses the corporate jet for private trips.’”
Notice the scenario in this IRS recruiting program is “taking down a landscape business owner who failed to properly report how he paid for his vehicles,” not “taking down a billionaire who uses the corporate jet for private trips.”pic.twitter.com/QXlHmDCoWb
— Thomas Massie (@RepThomasMassie) August 19, 2022
The IRS also pulled down a job posting that said applicants may be required to use “deadly force.”
People’s natural antipathy for the IRS was raised during the Obama administration in light of the Lois Lerner scandal when conservative nonprofit organizations were targeted by the federal government.
Just recently, liberal-turned-independent journalist Matt Taibbi received a knock at his door from the IRS on the same day that he testified before Congress about Big Tech censorship at the behest of the Biden administration.
Recently, the IRS claimed that Microsoft owed nearly $29 billion in back taxes, but don’t expect major corporations to be the only targets of crackdowns.
Considering how Joe Biden has weaponized the executive branch, anyone with incorrect opinions could be the subject of an investigation.
Stay tuned to Unmuzzled News for any updates on this ongoing story.