You know we are in trouble when the government’s plan to save the economy is to tax the people who are providing the jobs. We are in real trouble if our president and congress do not understand that what we need is more manufacturing and less dependence on banking to sustain and grow the economy. Taxing does not grow the pile of money, it simply redistributes it. Real economic growth produces new money.

https://www.irs.gov/about-irs/irs-inflation-reduction-act-strategic-operating-plan The IRS mission statement “Provide America’s taxpayers top-quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all.”

According to Objective 3, the IRS is going to focus it’s efforts on getting all the money that’s owed. They state that they are not going to focus on people making under $400,000.

“Even with improved taxpayer service, some taxpayers will not comply. The rising breadth and complexity of tax administration, coupled with the sophisticated ways that some taxpayers attempt to evade tax, have outpaced our resources and ability to monitor compliance and close the gap between taxes owed and collected. We will improve our efforts to help ensure that the proper amount of tax is paid and to promote future compliance. Pursuant to Treasury’s directive, small businesses and households earning $400,000 or less will not see audit rates increase relative to historical levels. We will increase our focus on segments of taxpayers with complex issues and complex returns where audit rates are minimal today, such as those related to large partnerships, large corporations, and high-income and high-wealth individuals. Modern data analysis tools can greatly streamline these efforts, and the technology investments from Objective 4 will enable this work.” Read all of the plan here. https://www.irs.gov/pub/irs-pdf/p3744.pdf

What do you think? Is this the way to economic prosperity?