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It’s time to give the IRS the resources it needs to do two important jobs: effectively serving law-abiding taxpayers and making billionaires and big corporations pay what they owe in taxes.
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Friend,
Tax filing season is underway. But due to decades of disinvestment by congressional Republicans, the IRS is warning taxpayers that we should expect delays in receiving refunds. Meanwhile, wealthy tax dodgers are evading $163 billion in taxes owed each year.
Right now, the IRS has fewer employees than anytime since the 1970s. In fact, between 2010 and 2018, the IRS lost nearly one-third of its enforcement employees, or 14,000 workers.
We’re calling for a $80 billion investment over ten years to modernize the IRS and hire the necessary staff to effectively serve U.S. taxpayers and crack down on wealthy tax cheats.
This investment would net $400 billion in new revenue, mostly from the ultra-rich and corporations. These funds could be used to create jobs, combat the climate crisis, and help us fight economic and racial inequities.
Sign the petition to give the IRS the resources it needs to serve the American people and stop tax dodging by greedy corporations and the richest 1%. It’s time for the ultra-wealthy to pay the taxes they owe.
In 2019, the U.S. lost $600 billion in revenue to tax evasion and noncompliance―roughly 15% of taxes owed, according to the U.S. Treasury Department. And we will lose $7 trillion over the next 10 years. Most of these unpaid taxes owed are from the ultra-wealthy and corporations.
This is partly due to plummeting IRS audit rates of the richest 1%. Audit rates on taxpayers with incomes over $1 million dropped 81% between 2011 and 2019, and the audit rate of large corporations dropped by half.1
The IRS needs more money in its annual budget, which is being considered in Congress right now. This would achieve better customer service for ordinary taxpayers, more on-time refunds, and less tax cheating by the rich and corporations.
Join me and our allies at Americans for Tax Fairness Action Fund in demanding the IRS receive the resources it needs to effectively serve U.S. taxpayers and crack down on wealthy tax cheats.
When we do, we’ll be able to invest in working families―paid for by finally making the rich and corporations pay what they owe in taxes.
Thank you,
Rashida
1 https://www.americanprogress.org/article/unrigging-economy-will-require-enforcing-tax-laws/
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