President Elon Musk taking a wrecking ball to the IRS will likely reduce tax collections by 10%.
This is a feature, not a bug.
They want to destroy the IRS because they want to destroy the income tax, so that they can tax poor people using alternate taxes:
Senior tax officials are bracing for a sharp drop in revenue collected this spring, as an increasing number of individuals and businesses spurn filing their taxes or attempt to skip paying balances owed to the Internal Revenue Service, according to three people with knowledge of tax projections.
Treasury Department and IRS officials are predicting a decrease of more than 10 percent in tax receipts by the April 15 deadline compared with 2024, said the people, who spoke on the condition of anonymity to share nonpublic data. That would amount to more than $500 billion in lost federal revenue; the IRS collected $5.1 trillion last year. For context, the U.S. government spent $825 billion on the Defense Department in fiscal 2024.
This is a feature, not a bug.
They want to burn it all down.
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