Reflections From a Murky Pond

Despite the GOP’s scaremongering – it is election season, after all – the provisions with the Dems’ Orwellianly named Inflation Reduction Act to grant the IRS nearly $80 billion in new funding in order to, among other things, hire 87,000 new employees, won’t dramatically effect anyone in the next few years. Many of these “new hires” will simply be replacements for the current staff, approximately half of whom are at or approaching retirement age.

But, there’s no more truth or accuracy in the Dems’ claims that the middle-class and small businesses won’t experience greater scrutiny and/or audits. When the stated goal of increasing the IRS’ budget is to increase collections by $204 billion, you can be sure that the IRS is going to target anyone and everyone that they can. You can also be sure that the “Billionaires” and “Megacorporations,” most or all of whom have more and better tax attorneys than the IRS ever will, won’t be the IRS’ primary targets or the major sources of that $204 billion in extra tax collections.

Understand that approximately 50% of the largest corporations in America are already audited each year. Admittedly though, this is down from 100% of them during the Obama Regime. And yet, the Dems want to increase tax collection by $204 billion.

The largest corporations in the United States with over $20 billion of assets have had their rate of audits go from nearly 100% to 50%. Among wealthy individuals who had a positive income of a million dollars or more, the audit rate fell from 8.4% in 2010 to 2.4% in 2019.

— Janet Holtzblatt
Senior Fellow, Urban-Brookings Tax Policy Center

But, simply put and much to the chagrin of Dems and their IRS, 38% of those audits fail to find any way to take more of these people’s and corporations’ money than they had agreed to pay.

No; their dog isn’t going to bite the “rich.” He will bite other people instead.

So, that fairly massive increase in tax collections is going to have to come from somewhere and somebody else. And it’s not going to be just the 1% either, since returning to Obama era audit rates for all individuals making over $400,000 would generate only 28%, or $9.9 billion of that expected $204 billion. And, even if the IRS increased audit rates 30x for taxpayers making over $400,000 and to a 100% audit rate upon taxpayers with incomes over $10 million, this would only raise to approximately $28 billion of it.

No, the IRS has a long and ongoing to this very day history of targeting the poor’s – those with $25K or less in income – tax returns for audits at a rate of 5x that of all other groups combined. I would expect that this rate would normalize somewhat… because the rates of audits will dramatically increase for those making between $26K – $200k per year and for most small-to-mid sized businesses, bringing them closer to what the poor suffer from.

It’s simple math and pragmatism. The IRS wants or needs to show increased collection and the poor and the middle-class through the 2%’ers are the ones without the resources to combat the IRS. And, there’s 100s of millions more of us. Of course we’re the ones who will be targeted by the IRS the most overall.

So yeah, the Democrats’ junkyard dog, the IRS won’t bite many now. But, it will most likely do so in 2026 and 2027 if it isn’t put down before then.

Tags: Democrats | Economics | IRS | Lies | Politics | Taxes | Theft

This entry was posted on Monday, August 29th, 2022 at 5:00 am and is filed under Politics. You can skip to the end and leave a response. Pinging is currently not allowed.

Yeah; that sounds about right. Biden and Co. would say that a Tyrannosaurus rex was a lamb, and therefor safe, just as they’ve claimed that they haven’t sunk America into a recession and that we have a 0% inflation rate.

Delusions or Duplicities? I truly believe that it no longer matters. A sufficiently entrenched level in incompetence is indistinguishable from malice. As such, it needs to be treated so to the fullest and furthest extent we, the People’s will and means.

Tags: America | Biden | Democrats | Humor | Humpty Dumpty | Inflation | Insanity | Lies | Politics | Recession

This entry was posted on Friday, August 12th, 2022 at 8:00 am and is filed under Humor, Politics. You can skip to the end and leave a response. Pinging is currently not allowed.

While various groups have refuted the truth of NASA’s moon landings since the mid-1970s, consider that the moon landings themselves weren’t the big lie that NASA and other government agencies sold to the world. 😉

Tags: America | Conspiracy Theories | History | Humor | Lies | NASA | Social Engineering | Space Program | Vikings

This entry was posted on Sunday, August 7th, 2022 at 5:00 am and is filed under Humor. You can skip to the end and leave a response. Pinging is currently not allowed.

Biden and Co. are, despite the facts and all normative definitions, proclaiming that America is not in a recession. Because, if you’re a Democrat, caused a huge problem for the majority of the American people, can’t or won’t fix things, and can’t convince anyone of note to believe it’s someone else’s fault, you go full-on Humpty Dumpty and “redefine” what the term recession means.

It’s just like they did with “vaccine” when their lies about the effectiveness of the COVID-19 “vaccines” were exposed. But then, it’s also just like their constituencies do with any other words that wish to, e.g., man, woman, gender, racism, sexism, misogyny, violence, and/or sexual assault.

Folks, I don’t think there’s an actual, true-born and rightly-raised American who doesn’t expect politicians and their appointees and hires to lie to us consistently. Nor do I believe that any of us even particularly care that they do so; it’s literally the core competency of their jobs. But, damn the fuck damn, is Biden and Co. ever stupid about it!

Tags: America | Biden | Democrats | Economy | Gaslighting | Humpty Dumpty | Language & Idiom | Lies | Politics | Recession

This entry was posted on Monday, August 1st, 2022 at 6:38 am and is filed under Announcements. You can skip to the end and leave a response. Pinging is currently not allowed.

Honestly, this is one of the truest statements and memes ever made. It is also one that every single one of Americans’ domestic and racial enemies will deride. Any time anything in the government tries to tell an American that they’re taxing that the government can spend their money better and/or more efficiently than that American can is not just a their, but a liar as well.

But there’s two things to remember about this:

The first is that the government almost never tries to efficient in their spending. Their goal is to continue to need tax monies and to have work to do so as to keep their jobs. Any sort of efficient use of Americans’ tax money is literally contraindicated but it would result in projects being finished, goals being achieved, and, hence, the government agencies or departments within those agencies being reduced or eliminated.

The second is that our domestic enemies are very much not interested in efficiency. They need ongoing, unresolved issues to feed their need for “progress.” They also aren’t really interested in positives outcomes for their projects and “protected” trait-bearers. They are far, far, far more focused on tearing Americans down – reducing our privilege – than raising their people up.

Tags: America | Deep State | Democrats | Government | Liberals | Lies | Politics | Progressives | Taxes | Theft

This entry was posted on Saturday, July 23rd, 2022 at 5:00 am and is filed under Politics. You can skip to the end and leave a response. Pinging is currently not allowed.