EPISODE · Apr 18, 2023 · 29 MIN
The IRS
from Garner Isn't
The IRS. Compliance for paying your tax is done with the IRS. It's well known that a growing percentage of Americans don't pay their taxes and that's why the Inflation Reduction Act includes 80 billion dollars to hire 87,000 new IRS agents. But our government doesn't rely solely on tax collection to fund operations because our U.S. Treasury uses the Modern Monetary Theory to print as much money as it needs to keep things running. With growing distrust more people are paying less, replacing Income Tax with a Consumption Tax, fueling inflation. MUSIC Cream, Jim Morrison, Rolling Stones, David Bowie, George Michaels
What this episode covers
The IRS. Compliance for paying your tax is done with the IRS. It's well known that a growing percentage of Americans don't pay their taxes and that's why the Inflation Reduction Act includes 80 billion dollars to hire 87,000 new IRS agents. But our government doesn't rely solely on tax collection to fund operations because our U.S. Treasury uses the Modern Monetary Theory to print as much money as it needs to keep things running. With growing distrust more people are paying less, replacing Income Tax with a Consumption Tax, fueling inflation.
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The IRS
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