The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Elroy Jetson who wrote (9058)	8/9/2022 2:19:14 AM
From: elmatador	1 Recommendation Recommended By E_K_S of 13803

87,000 new IRS agents hired will make it larger than most other federal agencies COMBINED. The FBI employs approximately 35,000 people, according to the agency's website. Customs and Border Protection says it employs 19,536 Border Patrol agents. The Pentagon houses roughly 27,000 employees, The money allocated to the IRS would increase the agency's budget by more than 600 percent. In 2021, the IRS received $12.6 billion. Federal tax receipts are projected to hit $5.7 trillion in 2027, up from just over $4 trillion last year WITHOUT additional IRS agents. The increase would more than double the size of the IRS workforce, which currently has 78,661 full-time staffers, according to federal data. A Congressional Budget Office analysis found the hiring of new IRS agents would result in more than $200 billion in additional revenue for the federal government over the next decade. More than half of that funding is specifically earmarked for "enforcement," meaning tax audits and other responsibilities such as "digital asset monitoring."

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