Summary

Mass firings at the IRS under the Trump administration threaten ongoing audits of wealthy individuals and corporations, potentially leading to millions in lost tax revenue.

The cuts primarily impacted employees in the Large Business & International Division, many of whom had extensive tax expertise.

With fewer agents and specialists, complex cases may be prematurely closed, undermining enforcement against high-end tax evasion.

Critics warn this weakens IRS oversight and emboldens tax avoidance among the ultrawealthy.

  • Bieren@lemmy.world
    link
    fedilink
    arrow-up
    9
    ·
    1 day ago

    Thank goodness. Those poor billionaires having to suffer with taxes and things like a pleb. Disrespectful. I bet no one has even publicly thanked them for being rich today.