Irs audited low income families the most

[C-south]

Most of the low income audits were earned income tax credit reviews. It's probably the most abused section of tax law....

It shouldn’t exist.

 

[BigOrangeMojo]

Who do you thinks gets more leeway a black murderer or someone who doesn't do his taxes correctly? That's a stupid comparison

Over 95% of lower income tax reviews are EITC related and 99% of those are blatant fraud. It's not "honest mistakes"....

 

[BigOrangeMojo]

It shouldn’t exist.

Agree, it's using the tax code to redistribute wealth...

 

[C-south]

Agree, it's using the tax code to redistribute wealth...

The tax code should be about determining your tax burden. No credits. No deductions. Everyone should write a check and definitely not get a “refund”. It’s just become another form of welfare which is why it’s virtually impossible to change.

 

[Go aeiou]

I'd prefer the federal income tax go the way of the dodo bird but since that isn't happening:

1. Corporations not subject to federal income tax
2. Do away with employer provided healtcare
3. Individuals/LLCs subject to a 15% flat income tax on all income except social security
4. Individual healthcare plan premiums are deducted from top line income

All a pipe dream since the tax codes main purpose is to promote spending and control the masses. Federal .gov isn't giving that power up.

#2 Do you mean employer provided healthcare insurance?

Do you have an individual or family healthcare policy? If so how much premium do you pay?

 

[hog88]

#2 Do you mean employer provided healthcare insurance?

Do you have an individual or family healthcare policy? If so how much premium do you pay?

Yes.

No, I'm on the company plan.

 

[Go aeiou]

Yes.

No, I'm on the company plan.

So you want to do away with your company plan and get your own plan through the market place?

 

[hog88]

So you want to do away with your company plan and get your own plan through the market place?

I think eliminating employer provided plans would lead to a lowering of insurance premiums plus it would give the employee portability. Most people need just a catastrophic plan.

 

[FLVOL_79]

I keep thinking about trying to transfer to an IRS job. They offer the most jobs that can be 100% remote worked but man I can't bring myself to work for the IRS and feel like I am doing anything positive for the USA.

 

[LouderVol]

Might as well not harass murderers and thieves either while we are at it....

If we had a balanced budget or they were the difference in a balanced budget you would have an argument. But it's not nearly that level.

 

[Go aeiou]

I think eliminating employer provided plans would lead to a lowering of insurance premiums plus it would give the employee portability. Most people need just a catastrophic plan.

Yeah, I looked for a catastrophic plan for my son, but didn't see any.
OTOH, I was in the hospital for a week and the first bill was $120k.