Summary
The IRS anticipates a $500 billion revenue loss as taxpayers increasingly skip filings following cuts from Elon Musk under Trump.
The IRS, set to downsize by 20% by May 15, has seen increased online chatter about avoiding taxes, with individuals betting auditors won’t scrutinize accounts.
Experts warned that workforce reductions could cripple the agency’s efficiency.
Treasury officials predict a 10% drop in tax receipts compared to 2024.
Former IRS commissioners have criticized the cuts, warning of dysfunction and reduced collection capacity.
$4 greater boston area.
I’m paying $4500/mo on my mortgage. I don’t give a fuck about egg prices. I give a fuck about the impending crash that is going to cost so many jobs. I give a fuck about my wife with a permanent resident card who if she leaves I have no idea if she’ll ever come back - assuming they don’t just strip her of it.
I have real fucking problems. Egg prices aren’t one of them.