Birdwatch Note Rating
2025-02-16 04:35:03 UTC - HELPFUL
Rated by Participant: 7F514DF4FDB6C4CE0EF4FBAFF0362A2FC4EA3368D601813E202C2D4881E2DD40
Participant Details
Original Note:
The Trump administration is clearly not seeking "cost savings" if they are cutting the IRS. Money spent on tax collection returns more money as revenue. Every additional $1 spent auditing taxpayers above the 90th income percentile yields more than $12 in revenue. https://news.harvard.edu/gazette/story/2023/07/turns-out-irs-audits-of-wealthy-offer-terrific-return-on-investment-for-taxpayers/ https://www.nber.org/papers/w31376 https://www.americanprogress.org/article/rebuilding-the-irs-improves-customer-service-and-reduces-the-tax-gap/
All Note Details