The Inflation Reduction Act passes the Senate and heads for the House. President Biden will sign the measure which would print more money, thus slash the value of the dollar, jack up costly regulation, and field 87,000 new IRS agents on a mission to catch un-reported income from the likes of Etsy sellers and other small business people.
Stephen Green, Bill Whittle, and Scott Ott create five new episodes of Right Angle each week, including a backstage episode for Members-only. For more information about Membership, tap the big green button above.
23 replies on “Biden Inflation Cure: Slash Dollar’s Value, Deploy 87,000 New IRS Agents Against Etsy Sellers”
Bill – You are really hard to understand there… Not sure what has happened, but you sound like you are underwater and in an echo chamber too///
However, how is it possible to undo this? It seems that even when we get Republican Congresses and Presidents everything stays where the last leftist left it.
Our victories are few and fleeting , theirs are many and permanent,
…you can measure it….
when the IRS Agent knocks on your door, Scott!
OH, but that’s a little late huh?
“If you’re honest, you have nothing to worry about” is a ridiculous argument. There are so many tax regulations that every single taxpayer is guilty of not paying the correct amount for taxes. It is impossible to follow every single requirement of the tax code, even for experts (which the new auditors will not be).
Bill, Your sound needs work. Really a strong echo and tinny.
Yup!
Aren’t you glad Attorney General Merrick Garland isn’t on the Supreme court, holds presser and takes the 5th! Coward.
Raise taxes to pay for armed agents to collect more taxes, them raise taxes again because they need more of our money to pay more agents to collect more money and on and on and on. The wheel won’t stop
87K new employees just to provide “better service” to the people…..
“you shouldn’t have to worry if you’ve done nothing wrong”
“taxes won’t be raised on anyone earning under 400K”
According to the IRS website, in 2019 there were 157,796,807 tax returns filed. These are individual tax returns.
With this bill’s passage, there will be 168,000 IRS employee. Assuming 6.07% of those employees are engaged in other than auditing or tracking statistical anomalies; that leaves 157,797 employees who could audit and track tax returns.
Each employee would only need to look at approximate 1000 tax returns per year.
That is approximately 20 per week.
With this army of people they can effectively look at every individual tax return by hand. Not just the ones that raise flags.
Steve is absolutely correct, this is Gangster level enforcement.
As Reagan said, I am from the Government and I am here to help you. (Shudder!)
Think the number they want is overkill, but if you ever had issues and need to talk to someone, you find out they are way understaffed in customer service. I know. I’m having that issue.
I wonder how many customer service people they have? That should be the largest group that they have. But is that what these people are going to be hired to do?
Of course they’re going after the little guy. We typically can’t afford a lawyer to help us out. I’m retired and drawing SS. Because I haven’t reached my full ‘retirement age’, I’m limited to the amount of additional money I can earn. I do some page layout on the side, have a few stocks that pay a small dividend and for the past 6 years they’ve nabbed me for additional taxes owed. And that’s with their current staffing level. Imagine how many more people like me they will be going after now.
Bill, please fix your mic. The last two episodes of R/A have you sounding as if you’re at the bottom of a 55 gallon drum 🙁
well, they do record all of them on the same day, back-to-back. So if it was bad for one this week it will bad for all.
We will know tonight during TSL if he has it fixed.
Boy, I’m glad someone else picked up on this. It has become extremely difficult to understand what Bill Whittle is saying. And I am paying for this.
Sounds like he is speaking in an aluminum can.
87,000,000 untrained people.
Drop 3 zeros, and I think you’re on point.
Didja all see the job description for the Criminal Investigator Special Agent for the IRS? Oh, you’re gonna love this. Linked below.
But take a peek at these winning “musts”:
Go ahead and tell me that doesn’t sound like KGB or Brownshirt or SS stuff. I’ll wait.
https://www.jobs.irs.gov/resources/job-descriptions/irs-criminal-investigation-special-agent
They’re evidently being hit beyond their bandwidth – the page won’t load. But I did see the full job description on a Tim Pool video yesterday. The burning question for me is, why can’t they use other agencies ‘with guns’? Why do we need to arm the IRS? I know this position has been in place for a while, so it’s not something new. They also don’t indicate how many of these armed agents they will be hiring. That’s secret stuff.
I checked that link. There is no mention of using deadly force.
If the IRS decides to try to tax the sale of a used item as income, the solution is to declare it as a capital loss and take the deduction. Of course, one problem is that the limit on capital losses has not changed since at least the 1970’s and remains frozen at $3,000.
Incidentally, Duke University’s tuition was about $3000 then, and now it’s around $60,000.
That was Sneaky.…. John Gibbons FTW!