The IRS anticipates more than 10% drop in tax receipts by the April 15 deadline.
This is equal to over $500 billion less than the $5.1 trillion collected in 2024.
This is linked to recent workforce reductions, including the layoff of approximately 7,000 employees.
Most of those in compliance and enforcement roles (in other words, those that uphold the coercion factor of the IRS).
“But the IRS doesn’t use coercion!”
What’s the definition of that word?
Coercion: The practice of persuading someone to do something by using force or threats.
And doesn’t the IRS threaten every single American with penalties and/or prison if they don’t hand over their cash?
The US Internal Revenue Service (IRS) is bracing for a significant drop in tax revenues, with officials predicting that by the 15 April 2025 deadline, tax revenues will be down by more than 10 per cent from the previous year. pic.twitter.com/QE22TZvSDf
— Elena Kowalska (@Elena74054989) March 24, 2025
NBC reports:
Officials at the IRS and Treasury Department are anticipating tax revenue to drop more than 10% by April 15 compared with last year, The Washington Post reported Saturday, citing three people with knowledge of the situation.
The loss of tax receipts is expected as more individuals and businesses don’t file taxes or attempt to avoid paying balances owed to the IRS. The amount of lost federal revenue could top $500 billion, the paper said.
Officials said the prediction is directly linked to shifting taxpayer behavior and President Donald Trump’s cuts at the IRS, the Post said.
The IRS has also noted increased chatter online from people saying they won’t pay taxes this year….
I wonder why that could be?
Why would people refuse to pay an unconstitutional tax to a group of extortionists at the IRS?
Why won’t Americans be good little slaves and hand over their cash?
And another question, does April 2nd have any links to getting rid of the IRS?
Does this mean the IRS will turn into the External Revenue Service? pic.twitter.com/xZARg2t6cZ
— Brando Republic (@BrandoRepublic) March 23, 2025
Can’t wait to see what happens!
The External Revenue Service will Tap Foreign Funds to keep our Taxes low. I hope this Transformation abolishes The IRS. pic.twitter.com/ekDpvkaNP3
— Johnny Midnight
(@its_The_Dr) March 24, 2025
And that is the same guy that confirms that Trump’s goal is to eliminate the IRS!
Secretary of Commerce, @howardlutnick CONFIRMS that @realDonaldTrump GOAL is to completely ABOLISH THE IRS and use the External Revenue Service to make outsiders pay for the Government via tarrifs instead of the citizens living in debt servatude via income taxes.
THE WAY IT IS… pic.twitter.com/V7BNObVdo1
— The Patriot Voice (@TPV_John) February 20, 2025
And for those of you that missed it…
BOMBSHELL: IRS was not able to prove in court that there is a law requiring you to pay income tax. Listen. pic.twitter.com/YrvAabHcVs
— Freyja
(@FreyjaTarte) December 22, 2023
This is a Guest Post from our friends over at WLTReport.
View the original article here.
Source link