The Post reports today that the IRS’ internal projections estimate that the...
  • kerntucky@infosec.pubEnglish
    6·
    6 hours ago

    This needs to be bigger news on the mainstream channels, but you know it wont be.

    I’m so tired of this shit.

  • DarkFuture@lemmy.worldEnglish
    311·
    20 hours ago

    IN A MONTH.

    4 years of months left to go.

    Maybe next time people can get off their fat fucking asses and vote. Or, if you did vote, maybe vote more intelligently next go around.

  • Polderviking@feddit.nl
    40·
    23 hours ago

    I was wondering why we haven’t seen any actual data on how they’ve saved the US money yet. The answer is likely that they didn’t.

    • y0kai@lemmy.dbzer0.comEnglish
      3·
      12 hours ago

      They’re just gonna make shit up like they always do. They’ve already tried overinflating their “savings”, I’m sure they’ll just do it again. If the first lie doesn’t work, go BIGGER!

    • Tryenjer@lemmy.world
      3·
      13 hours ago

      They, as serious and responsible managers with only the interests of their citizens at heart, chose to keep it in the most reliable, safe place possible, in their own pockets.

    • fake_meows@lemm.eeEnglish
      14·
      22 hours ago

      What are the odds that they saved the US money and kept it a total secret rather than to brag about it.

      So low that I think this is a smoking gun that they failed to do so. We now know it didn’t work out because they are quiet.

      • Flic@mstdn.social
        10·
        22 hours ago

        @fake_meows @Polderviking they cut loads of things that are a small (comparative) expense that bring in, or save, a lot of money, or support the economy. Like the national parks and USAID, and *all science*. Those new expenses won’t be realised for a while but in the mean time they’re paying off sacked staff left and right, paying the DOGE team, and fighting legal rulings. It’s a ridiculous way of going about anything.

        • Furbag@lemmy.world
          9·
          20 hours ago

          All of the receipts on the stupid DGE website so far have been lacking any and all context, which makes their “savings” worthless without more accounting. Okay, so they cut $1bn from one program by cancelling it, but what if that $1bn that was being spent was generating a return of investment down the road? Then they cut a service that actually ended up costing the taxpayers less than the alternative, which then needs to be recouped somehow.

          I compare it to a mayor slashing the police budget because crime is at an all time low - completely ignoring that the cause of the crime being low was a well-funded police force. Shortsighted idiots should never be in charge of money.

          • boonhet@lemm.ee
            2·
            13 hours ago

            Only the savings matter to them unfortunately.

            I bet they’ll defund the IRS too. Did you know that every dollar in IRS funding brings multiple dollars back to the federal budget? It’ll have diminishing returns eventually, but the 1:1 point hasn’t been hit. Essentially it’s because IRS can catch more tax evaders if they have better funding.

        • fake_meows@lemm.eeEnglish
          7·
          21 hours ago

          Yeah, its a circular economy. So for example, all your federal workers spend, save, invest and pay taxes in the country.

          I think this a good small example: https://www.nasa.gov/news-release/new-report-shows-nasas-75-6-billion-boost-to-us-economy/

          NASA budget is about $25B

          That money (which is respent in the national economy) adds $75B to GDP. 3:1 multiplier effect.

          So by finding NASA by $25B you get most of it back again in taxes AND you get all the jobs, services, technology etc. Its a huge list of benefits that is basically paying for itself. That’s 300,000+ jobs and $10B in more downstream taxes…that counts against the $25B budget…it is really a net $15B tax spend to bring in $75B in GDP increase.

          If you cut this program, you shrink the overall economy, drop.GDP AND lower future tax revenues. So when the money these programs spends is multiplied out through the economy in a circular way, the high price tag is a useless / pointless way to analyze the value of the return. You need to have the full systemic analysis or you’re just doing damage…

          This is every government program. My own small business I can track higher sales when SSI checks go out. The grocery store lines are longer and all the seniors are lining up to get groceries when the checks arrive…

          And even if you “save money”, what would you turnaround and do with it if not fund NASA and social security? Do they have a better idea? What else do we need that money for?

          • boonhet@lemm.ee
            1·
            13 hours ago

            And even if you “save money”, what would you turnaround and do with it if not fund NASA and social security? Do they have a better idea? What else do we need that money for?

            Tax cuts for the rich.

  • Wren@lemmy.world
    85·
    13 hours ago

    Again. This is bad journalism. It’s not lost, it’s “lost.”

    • burgerpocalyse@lemmy.world
      9·
      11 hours ago

      i don’t understand your point. the article reports that the IRS is being disrupted by DOGE, and as a result, IRS agents are not able to do their jobs properly, which results in less tax money being received

        • irish_link@lemmy.world
          41·
          9 hours ago

          Not sure what you mean. Their job is literally to collect money. If you want to play the revenue concept its till lost revenuer. Would you prefer theft by the rich?

          If you owe me money and I don’t get it then its lost. Or you didn’t pay me so you stole money from me. Please give me another example of how its not lost instead of just saying the words. Give me an explanation or an example.

          • hydrospanner@lemmy.world
            2·
            7 hours ago

            I think their argument is that the tax revenue is still owed, whether it’s collected or not. So the IRS could absolutely get back on track post Trump and pursue these unpaid taxes.

  • Pax@lemmy.caEnglish
    13·
    20 hours ago

    Correction - they efficiently lost half a trillion dollars for the USA

  • Phoenixz@lemmy.ca
    25·
    23 hours ago

    He also lost nearly a trillion dollars for Tesla. Tells the Tesla employees to keep their stock, hinting at how great things are and how much better they will be soon, and then the entire c-suite sells off around a hundred million in stock…

    Elmo really is the best of all humans… At evaporating the wealth of others

    I’ve said this for nearly s decade now, Elmo is a lyoni scammer who got lucky, that is all

    • Soup@lemmy.world
      9·
      22 hours ago

      “He got lucky” is another way to also say that, as terrible as he is at everything he does, including hiding it, the people who give him literally anything are always clamouring to prove just how stupid they can be by simping for him at every turn.

  • DarkCloud@lemmy.world
    971·
    2 days ago

    So now DOGE has removed all these costs, will Americans not have to pay any taxes anymore? That’s the conservative claim right? That taxes paid for all this stuff and Liberals were taxing everyone super high for it…

    …so now taxes drop to zero for EVERYONE? Right?

      • adarza@lemmy.caEnglish
        21·
        2 days ago

        oh, they’ll still have to raise taxes on the lower half of earners, strip essential services bare–if they continue to exist at all, and pile on trillions to the national debt for that.

        adding debt is ‘free money’ to them. not like they gotta pay it back…

        • mean_bean279@lemmy.worldEnglish
          16·
          2 days ago

          I enjoyed the “we gotta lower the national debt for our kids” which quickly converted into “we gotta raise the national debt and we’re going to go into more debt” all in the same month.

      • SnausagesinaBlanket@lemmy.world
        81·
        2 days ago

        “They” are also pushing for a cashless society. Having an RFID chip in your hand will get you all your necessities and non participation won’t. Mark my words. If someone told me this a few years ago I would have laughed.

          • arrow74@lemm.eeEnglish
            4·
            22 hours ago

            Seriously where are all the conservative Christians that were so afraid of barcodes. These guys have turned revelations into a check list, but it’s okay because he’s “your” guy?

            • y0kai@lemmy.dbzer0.comEnglish
              2·
              11 hours ago

              That’s kind of how the antichrist works. He fools most people into believing he’s a good guy

            • CosmicTurtle0@lemmy.dbzer0.comEnglish
              3·
              21 hours ago

              The conservative Christians I still talk to (that number is getting lower and lower each year) believe Trump is the third coming of Christ and that he cannot do any wrong.

              These people are smart in many other ways except in this area.

              They believe it’s an over reaction. That it’s overblown. It’s fake news.

    • Zachariah@lemmy.world
      10·
      2 days ago

      I like taxes like I like my Costco membership. I get a better deal if I go in with others and buy in bulk. Even if I don’t use all the same goods and services as others.

      Getting rid of corruption and grifters siphoning value out of a system is a much better goal than “saving money”

      • jj4211@lemmy.world
        9·
        1 day ago

        Only for those willing to risk violating tax law, and by extension mostly people who feel like they can afford enough accountant and lawyer time to evade consequences if they come.

        IRS also publicly said they would only be doing easy enforcement, i.e. only doing audits on lower income people who can’t drag it out and make it expensive.

        So basically giving a green light for the rich and only the rich to keep the money they owe…