Over the last 11 years, IRS funding has dropped by 19% according to the Center on Budget and Policy Priorities(2), and since 2010 the agency has lost more than 30,000 full-time employees.(3) Due to the IRS being so underfunded and understaffed, millionaires are far less likely to be audited than they used to be. As a result, the IRS fails to collect billions of dollars in taxes from the wealthy each year. Just collecting all unpaid taxes from the richest 1% would generate at least $1.75 trillion over the next decade. That’s nearly half of the $3.5 trillion 10-year cost of the Democrats’ game-changing reconciliation package. According to the same report from the Treasury Department, the taxes that the top 1% dodges each year are equal to all of the taxes paid by the lowest-earning 90% of taxpayers, or 3 percent of GDP. What do you think would happen if the bottom 90% of taxpayers just completely avoided paying the taxes that they owe? I certainly think that they wouldn’t be given the pass that the top 1% gets. Ending poverty, passing universal healthcare and childcare, mitigating the climate crisis, and so much more requires that the wealthy pay their fair share.
Thanks for taking action at this critical moment, In solidarity, Robert Reich (1) The Case for a Robust Attack on the Tax Gap, Dept. of Treasury, September 2021 ![]() |