Obviously the minute $80b was allocated, the IRS should have immediately brought in $340b, that’s how math works, right?? /s
Seriously though, outside of the direct revenue claimed by this, having a well funded IRS sets a precedent to be honest on taxes. If people know the IRS is understaffed, and hear about billionaires (and former presidents) paying nothing in taxes, why should the average American feel they should be honest and pay their fair share? Only time will tell, but we can look back and see if reported tax payments increased significantly because of IRS funding, outside of money brought in from audits.
Obviously the minute $80b was allocated, the IRS should have immediately brought in $340b, that’s how math works, right?? /s
Seriously though, outside of the direct revenue claimed by this, having a well funded IRS sets a precedent to be honest on taxes. If people know the IRS is understaffed, and hear about billionaires (and former presidents) paying nothing in taxes, why should the average American feel they should be honest and pay their fair share? Only time will tell, but we can look back and see if reported tax payments increased significantly because of IRS funding, outside of money brought in from audits.