[JumpCrisscross]

> Didn't congress add 30bln to the IRS budget solely for this purpose

$80bn through 2031, or about $8bn per year [1]. That is projected to buy us well over a trillion dollars of new revenue [2].

FTA: “In June, the Treasury proposed a rule and guidance that includes plans to essentially stop “partnership basis shifting” — a process by which a business or person can move assets among a series of related parties to avoid paying taxes. That could raise more than $50 billion in revenue over the next decade, Treasury said.”

> the smartest wealthiest people have the best accountants and moved/invested/capexd their money legally to begin with

Now do the dumbest wealthy.

[1] https://www.cbo.gov/publication/59972

[2] https://www.cbo.gov/publication/60037

[defrost]

That's a mandatory guaranteed $8bn per annum funding for an operation that for the past decade has run at approx $14 bn per annum operating costs, so there still needs to be annual discretionary allocations to keep the IRS afloat at "normal" levels.

Recently the costs have increased to $16 bn per annum as part of an expansion to collect more of the inferred unpaid (avoided) taxes.

[crooked-v]

Or in other words, we were paying that already, and this is just the return so far on removing some of the hoops the organization has to jump through to cover expenses.

[pstrateman]

So that's still $8bn to collect $1bn.

Or am I missing something?

[JumpCrisscross]

> that's still $8bn to collect $1bn

No.

> Or am I missing something?

Read the article and the CBO report [1].

$8bn produced this $1bn. It also produced other additional revenue. CBO projects $6.40 of new revenue for each dollar spent by the IRS.

[1] https://www.cbo.gov/publication/60037

[renewiltord]

Yeah, in the sense that my car cost $32k and I drove it to my job that made me $3k today. But I will drive the car tomorrow as well. And I drove it yesterday too.