And this is exactly what #FATCA is doing except much worse, it is costing the tax payers billions while bringing back millions only if that. #congress needs to get with it and repeal FATCA ASAP @RandPaul @GOPSenFinance @BankingGOP @SenateGOP @SenateFinance @SenateDems
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I think his point was what it costs to hire a private collections agency vs what it would cost an in house IRS agent. The IRS is currently so understaffed nothing gets done in a timely manner. I'm not a fan of them, but they're there & they should be staffed adequately.
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My point is that this underfunding is a feature of Republican governance. It is strongly within the special interests of the ultra-wealthy to restrict the ability of the IRS to audit & investigate tax avoidance. Thus the budget & staff are slashed.
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Exactly. The IRS is currently understaffed by over 17,000 employees, almost 7,000 are enforcement agents. Why doesn't Trump bring those jobs back
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They could get hundreds of billions of they just confiscate all the offshore accounts and close all the shell companies.
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Great ROI

I guess as long as they get to harass poor ppl mission accomplishedThanks. Twitter will use this to make your timeline better. UndoUndo
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That's the American way. If there is a buck to be made for corporations, it doesn't matter how much it cost the taxpayers.
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This is a rounding error compared to the $1.5 trillion that the IRS will not be collecting because of the giveaway to the 1% in the recent tax bill.
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That was a bad investment!!! Thanks for wasting more tax payet money!
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Great job OB Administration no wonder to the 10 Trillion dollar deficit added under his tenure
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Pat attention: When Treasury Secretary Steven Mnuchin was asked at his confirmation hearing what he thought about using private companies to collect money owed to the government, he replied that it “seems like a very obvious thing to do.”
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Knock, knock.. Where's my money??
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Sounds like some serious cost benefit analysis needs to be done. How much of that does Cheeto owe???
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It’s almost as if the government is incompetent when it comes to business decisions...
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This was a decision made by the GOP. I worked for the IRS for thirty years. Every time Congress passed legislation to allow private collection agencies to collect unpaid taxes, they caused additional work and didn’t collect as much money as promised.
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I’m in commercial real estate and I’m yet to see a government lease that isn’t grossly above the market rate. No worse business than the one that can’t fail.
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