The new “Inflation Reduction Bill” that passed is a complete oxymoron. It’s only going to increase inflation via more government spending and hurt the economy more with aggressive tax enforcement.
Also for all you idiots saying “they will go after wealthy corporations” you are wrong. Dead wrong. Corporation don’t “cheat” tax codes. They hire top of the line CPAs and tax attorneys that ensure they are legally paying as little as possible.
The IRS is now going to be doubled in size and will go after middle and working class Americans who don’t have the resources to hire A list CPAs to make sure they are doing taxes properly. It’s people who do taxes themselves or do turbo tax who make mistakes. It’s often small business owners who aren’t even rich in the first place that make mistakes and get audited.
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