Friday, December 14, 2018

Republicans pressure IRS to audit more Americans making as little as $20,000 per year

On December 12, 2018, the Daily Kos staff published an article by Walter Einekel titled, "Republicans pressure IRS to audit more Americans making as little as $20,000 per year"

It stated that, the main job of the IRS (Internal Revenue Service) is to act as a collection agency. And as any normal agency does, it is tasked to making sure that the monies coming and going are legally accounted for.

The most important survey that the IRS can follow on Americans and companies is supposed to be a process by which the IRS keeps the people and the companies "direct" about paying their proper amount of taxes. Generally, the IRS examines people and institutions with the prospective of lying or hiding about how much of their personal earnings belong to all of us for the country. Since long, like many government departments, the IRS has been cripple and governed to take it relatively easy on the people with the most money.

The EITC (Earned Income Tax Credit) has been a part of our nation's tax codes in one way or the other since the mid-1970s. The whole idea of this came from the talk on what should be done about the poverty in the country for a well developed and wealthy country like U.S. we aren't supposed to squeeze water from stone, specially when we have many individuals and companies overflowing with profits. The major proportion of individuals claiming the EITC earn around $20,000 per annum- and relatively they are plausible to be examined by the IRS compared to the ones making 20 times as much. Pro Publica explains the reasons for a few things.

Firstly, the cuts in the budget of IRS's collection structure have restricted the agency's ability to catch potentially more elaborate tax avoidance exercises. Secondly, the Republicans have been shoving their current chauvinist and classists attacks on unlawful government spending solely on the backs of people making the least amount of income.

generally, individuals making $20,000 or less do not have the time and the earnings to address the investigation from the IRS. And they are prone to lose their survey because they do not have the legit portrayal one need to show their valid assert.

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