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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Katelew who wrote (410676)	2/14/2011 3:59:07 PM
From: longnshort	Respond to of 793597

great harass the small business man costing him valuable time and money. Anything to destroy this country

To: Katelew who wrote (410676)	2/14/2011 3:59:55 PM
From: unclewest	7 Recommendations Read Replies (1) \| Respond to of 793597

Under the plan, the IRS would focus on fighting tax evasion and seek out fraudulent tax preparers. Photographer: Dennis Brack/Bloomberg President Barack Obama proposed increasing the budget for the Internal Revenue Service by 9.4 percent to hire more than 5,000 new employees, most of whom would pursue tax cheats. He can start with his own staff and Dems in Congress. Then when that is done, do away with the IRS.

To: Katelew who wrote (410676)	2/14/2011 4:01:59 PM
From: goldworldnet	1 Recommendation Read Replies (4) \| Respond to of 793597

I approve of everyone paying their taxes, but prefer the code was simplified. * * *

To: Katelew who wrote (410676)	2/14/2011 5:08:04 PM
From: Brumar89	2 Recommendations Read Replies (1) \| Respond to of 793597

They can't really know how much these additional 5000 employees will bring in. Someone pulled that $1.3B out of ... uh, the air or their hat .... or wherever: These enforcement efforts would yield $1.3 billion in additional revenue in two years, according to the budget plan. Notice the IRS budget is going up $1.1B per year and the new folks are supposedly going to bring in $1.3B over two years. Now some of that $1.1B is raises and higher benefit costs for those folks already there, lets estimate $.4M (3% increase) for that. If thats about right, the cost of the 5000 new people will be $.7B per year (that would be $140K per new employee - salaries plus benefits plus office costs, computers, phones, travel to do audits, etc). So over a two year period these new people will cost $1.4B and bring in additional revenue of $1.3B. Not worth it.