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Old 05-16-2019, 03:45 PM   #49 (permalink)
redpoint5
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Quote:
Originally Posted by rmay635703 View Post
Something like 90% of the IRS $2.5 billion budget is devoted to collect 5% of taxes owed, and 2.5b leaves out ancillary, indirect and cost to society

Taxing The lower 60% of the population is more or less a waste of time
The IRS spends most of their collection efforts going after those with the most means. The lower 60% rarely get audits unless they do something that triggers an audit.

Paying taxes isn't just to boost government revenue, but also puts skin in the game. Might as well not vote if you don't pay taxes.

The IRS wouldn't collect taxes from the lower income levels if it was a net drain on their revenues. I suspect that's why there's a lower limit to who needs to file.
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