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15-08-2022, 10:00 AM
Plans To Ramp-Up IRS Hiring
Shanthi Rexaline
August 12, 2022 4:38 AM
The Inflation Reduction Act that recently received Senate approval recommends an US$80 billion provision for the Internal Revenue Service to strengthen enforcement and hiring.
Rumors of the federal agency adding 87,000 new employees by 2031 have been doing the rounds, and reports suggest US$46 billion of the earmarked funding would be spent on hiring.
Tesla CEO Elon Musk took to Twitter to express his displeasure over the development by sharing a meme
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https://twitter.com/elonmusk/status/1557...wcon%5Es1_
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"The Big Short" fame's Michael Bury too chimed in with his views on Twitter. He suggested that the IRS move could be targeting small businesses rather than billionaires.
"The IRS more than doubled the number of agents to about 167,000. And there are less than a 1,000 billionaires. So it's not for that," the hedge fund manager said.
"There are 32 million small businesses, about half home-based in the wake of COVID. Bingo."
https://www.benzinga.com/government/22/0...d-every-ye
Shanthi Rexaline
August 12, 2022 4:38 AM
The Inflation Reduction Act that recently received Senate approval recommends an US$80 billion provision for the Internal Revenue Service to strengthen enforcement and hiring.
Rumors of the federal agency adding 87,000 new employees by 2031 have been doing the rounds, and reports suggest US$46 billion of the earmarked funding would be spent on hiring.
Tesla CEO Elon Musk took to Twitter to express his displeasure over the development by sharing a meme
......
https://twitter.com/elonmusk/status/1557...wcon%5Es1_
......
"The Big Short" fame's Michael Bury too chimed in with his views on Twitter. He suggested that the IRS move could be targeting small businesses rather than billionaires.
"The IRS more than doubled the number of agents to about 167,000. And there are less than a 1,000 billionaires. So it's not for that," the hedge fund manager said.
"There are 32 million small businesses, about half home-based in the wake of COVID. Bingo."
https://www.benzinga.com/government/22/0...d-every-ye
