Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

7/16/2014 (9 months ago)

Catholic Online (www.catholic.org)

The House slashes IRS tax enforcement budget, which will lead to less audits

If you cheat on your taxes - or senselessly worry that some indiscretion in your recent past will have the Internal Revenue Service shortly breathing down your neck - things just got a little bit brighter. The GOP-controlled House has voted to slash the budget for the IRS' tax enforcement division by $1.2 billion. That's a 25 percent cut which in the long run translates into fewer audits of taxpayers.

If you still fear a knock at your door anytime soon, it must be noted that one's chances of getting audited vary greatly and are based on income.

If you still fear a knock at your door anytime soon, it must be noted that one's chances of getting audited vary greatly and are based on income.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

7/16/2014 (9 months ago)

Published in Politics & Policy

Keywords: IRS, enforcement budget, House, audits, cheating


LOS ANGELES, CA (Catholic Online) - Approved by a voice vote following little debate, the House took up a $21 billion spending bill that sets the IRS budget.

It comes as little surprise. There has been growing GOP indignation over the agency's scrutiny of tea party groups that sought tax-exempt status. Republicans were also frustrated over the agency's failure to produce thousands of emails by Lois Lerner, who was formerly in charge of the IRS division that processes applications for tax-exempt status.

Let's pray that all of us remain honest and do what's right for everyone --

"The use of a government agency to harass, target, intimidate and threaten lawful, honest citizens was the worst form of authoritarianism," Rep. Paul Gosar, R-Ariz. declared, Gosar is the author of an amendment to cut the IRS tax enforcement budget by $353 million.

Rep. Bill Huizenga, R-Mich., followed up with an amendment to cut $788 million more.

The Democratic floor leader on the funding bill, Rep. Jose Serrano of New York, opposed the amendments but opted against demanding a roll call vote.

"The answer is not to cut the IRS to bare bones, because our next problem is that the deficit will continue to grow because we won't be able to do the proper collecting of tax dollars in this country," Serrano said.

IRS Commissioner John Koskinen pointed out that budget cuts already are hurting the agency's ability to police tax returns.

In either case, taxpayers' chances of getting audited are lower now than they have in years. The IRS will have even fewer agents auditing returns than at any time since at least the 1980s.

If you still fear a knock at your door anytime soon, it must be noted that one's chances of getting audited vary greatly and are based on income. The more you make, the more likely you are to get a letter from the IRS.

Only 0.9 percent of people making less than $200,000 were audited last year, according to IRS statistics. That's the lowest rate since the IRS began publishing the statistic in 2006.

By contrast, 10.9 percent of people making $1 million or more were audited, the lowest rate since 2010.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for March 2015
Universal:
Scientists: That those involved in scientific research may serve the well-being of the whole human person.
Evangelization: Contribution of women: That the unique contribution of women to the life of the Church may be recognized always.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Politics & Policy

Hillary Clinton caught in shameful lie on family's history Watch

Image of

By Abigail James (NEWS CONSORTIUM)

As Hillary Clinton continues to shape her platform for presidency, she is reported as boasting her family's immigration history. During one of her first speeches as an official candidate, Clinton said that "all her grandparents had immigrated to the United States," ... continue reading


Federal government sets all-time record for tax revenue Watch

Image of We will not know how much additional tax revenue the Treasury pulled in until it releases its next daily statement tomorrow afternoon. Every dollar of it will add to the new record.

By Catholic Online (NEWS CONSORTIUM)

Tax day has arrived - and with the close of business on April 14, the Treasury brought in a record $1,477,901,000,000 since fiscal 2015. Began on October 1, 2014, these figures are courtesy of the Daily Treasury Statement. Despite this record tax revenue, the ... continue reading


INSANE: U.S. federal tax code is 74,608 pages long! Watch

Image of If the tax code continues to grow at the same pace it did over the last century, it will pass 100,000 pages in 2050.

By Catholic Online (NEWS CONSORTIUM)

If you had your taxes professionally prepared this year, you may now fully appreciate what your accountant or cleric did for you this year. The U.S. federal tax code is a whopping 74,608 pages long! Try to imagine trying to digest all the nuances that go along ... continue reading


'We're in uncharted territory here' U.S. official admits ISIS' reign of terror is crushing Watch

Image of

By Abigail James (NEWS CONSORTIUM)

The U.S.-led coalition against ISIS continues, now with 62 countries working to put an end to ISIS. Canada has become the latest country to shoot airstrikes against ISIS. The fight against ISIS is being described as "off the charts historically." LOS ANGELES, CA ... continue reading


Who are Hillary Clinton's supporters? Well not women, and not young Americans: A look into Clinton's shocking Facebook following Watch

Image of Hillary Clinton is the favored Democratic candidate for the presidency in 2016, but Facebook demographics show she may have a long way to go.

By Matt Waterson (NEWS CONSORTIUM)

Hillary Clinton is the de facto face of the Democrat party's aspirations for the presidency in 2016, but you wouldn't know that by looking at her Facebook pages. LOS ANGELES, CA (Catholic Online) - The single largest percentage of Clinton's fans aren't even from ... continue reading


Lois Lerner emails expose secretive IRS warnings Watch

Image of The lower-level employees

By Abigail James (NEWS CONSORTIUM)

Former director of Exempt Organizations Unit at the Internal Revenue Service (IRS), Lois Lerner is reported as warning other IRS officials to manage the lower-level employees written conversations in 2013. LOS ANGELES, CA (Catholic Online) - Lerner resigned from the ... continue reading


Rubio steps into spotlight for 2016 run Watch

Image of Florida Senator Marco Rubio will officially announce his intent to seek the Republican nomination for the president today, following months of speculation.

By Matt Waterson (NEWS CONSORTIUM)

The question over which Republican will be the next to announce their intent to run for the nomination in 2016 has been answered, as Marco Rubio joins Senator Ted Cruz and Rand Paul in the race which will soon be flooded with even more competitors. LOS ANGELES, ... continue reading


COLD WAR NO MORE? U.S. President Barack Obama and Cuban President Raul Castro meet Watch

Image of Obama and Castro greeted each other courteously amid an explosion of camera flashes Friday night. The two sat at the same table but not directly next to one another.

By Catholic Online (NEWS CONSORTIUM)

The United States and Cuba may not be the best of friends, but the meeting between U.S. President Barack Obama and Cuban President Raul Castro this past weekend marks a turning point in international relations. It was the first time that leaders from both ... continue reading


Putting the big bite on the top 20 percent: Unlucky few pay 84 percent of all U.S. income taxes Watch

Image of The U.S. federal income tax system is very progressive - higher income groups pay increasingly higher tax rates, and therefore disproportionately higher and higher shares of the total income taxes collected.

By Catholic Online (NEWS CONSORTIUM)

Who pays what in income taxes? According to a study in the Wall Street Journal, only 20 percent of all U.S. taxpayers pay 84 percent of all taxes owed. How does every day, ordinary taxpayer fit into this schema? LOS ANGELES, CA (Catholic Online) - Individual ... continue reading


'I'm running for president' Hillary Clinton declares Watch

Image of While Hillary Rodham Clinton is courting the middle class with her presidential bid, both her and her husband, former U.S. President Bill Clinton remain among the wealthiest of Americans.

By Catholic Online (NEWS CONSORTIUM)

"Everyday Americans need a champion, and I want to be that champion," Hillary Rodham Clinton has declared. Saying that America's economy is "still stacked in favor of those at the top," according to a campaign video this past weekend. "I'm running for ... continue reading


All Politics & Policy News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Acts 6:1-7
1 About this time, when the number of disciples was ... Read More

Psalm, Psalms 33:1-2, 4-5, 18-19
4 The word of Yahweh is straightforward, all he does ... Read More

Gospel, Luke 24:35-48
16 That evening the disciples went down to the shore ... Read More

Saint of the Day

Saint of the Day for April 18th, 2015 Image

St. Apollonius the Apologist
April 18: Martyr whose Apologia, or defense of the faith, is considered ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter