After posting a meme debunking a Republican claim about the IRS, Musk said his taxes are audited by default. Republicans, including House Minority Leader Kevin McCarthy, said this week that new funding for the IRS would be used to hire 87,000 new agents. Several outlets debunk the claim. Musk shared a meme with the caption "When the country that revolted over taxes hires 87,000 new IRS agents" The American War of Independence was sparked by colonists' anger over British taxes.
—Elon Musk (@elonmusk) August 11, 2022
A British soldier in the Revolutionary War is referred to as a "redcoat".
They're not going after you, they're coming for us.
Musk said it was true. Every year I get audited.
According to Bloomberg, Musk is the world's richest person.
ProPublica published a report last year that found that Musk did not pay federal income taxes. He paid less in taxes than his wealth grew because he paid less in taxes.
A huge climate, tax, and healthcare spending package which is set to provide the IRS with $80 billion over the next decade has a focus on improving taxpayer services and cracking down on enforcement on wealthy people and big companies.
"The IRS has fewer front-line, experienced examiners in the field than at any time since World War II and fewer employees than at any time since the 1970s," IRS Commissioner Charles Rettig wrote in a letter to the Senate. With enhanced IT systems and taxpayer service, honest taxpayers will be better able to comply with the tax laws, which will result in a lower likelihood of being audited.
The IRS is understaffed, underfunded, and backed up with tax returns, according to a report by Insider.
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