“ The Department of Government Efficiency claims that it has saved the country $115 billion so far. But is this accurate?”
“On DOGE’s website, it claims that $115 billion has saved taxpayers around $715 each. However, DOGE has deleted hundreds of claims from its “wall of receipts” several times.”
“DOGE’s plan to cut staff at the IRS by up to 50% would lead to a $400 billion increase in uncollected taxes over the next 10 years. This could lead to $2 trillion in losses. Right now, the IRS fails to collect around $700 billion in taxes that are owed each year. The Quarterly Journal of Economics suggests that every dollar that is spent on auditing individuals in the top 10% of earners returns around $12.”
“The Treasury Department’s inspector general has previously estimated that each hour spent auditing a high earner creates close to $5,000 more in tax revenue”
Not surprising, there is a reason Trump quickly eliminated the IGs and watchdogs on Government spending, the last thing he and Musk want is having to prove what they bloviate
“On DOGE’s website, it claims that $115 billion has saved taxpayers around $715 each. However, DOGE has deleted hundreds of claims from its “wall of receipts” several times.”
“DOGE’s plan to cut staff at the IRS by up to 50% would lead to a $400 billion increase in uncollected taxes over the next 10 years. This could lead to $2 trillion in losses. Right now, the IRS fails to collect around $700 billion in taxes that are owed each year. The Quarterly Journal of Economics suggests that every dollar that is spent on auditing individuals in the top 10% of earners returns around $12.”
“The Treasury Department’s inspector general has previously estimated that each hour spent auditing a high earner creates close to $5,000 more in tax revenue”
Not surprising, there is a reason Trump quickly eliminated the IGs and watchdogs on Government spending, the last thing he and Musk want is having to prove what they bloviate