Bad news for those of us who think we spend the money we’ve earned more efficiently than government bureaucrats can: the IRS is about to hire several hundred new “enforcement workers.”
And the news is even worse if you’re a self-employed small business owner – these “agents” are allocated for you!
As Richard Rubin at the Wall Street Journal reported, “The Internal Revenue Service is hiring up to 700 employees for tax enforcement in what Commissioner John Koskinen calls the agency’s ‘first significant enforcement hiring in more than five years.’”
Great. Because we all needed that in our lives, right?
But maybe it isn’t all bad.
Said Rubin, “The agency had 17,208 employees doing tax enforcement in 2015, down 24% from 2010, and audits of individuals are at an 11-year low … Despite the new hires, the IRS will still end fiscal 2016 with 2,000 fewer workers than it started.”
While that could be considered a silver lining, it really isn’t when you consider the magnitude of our $19 trillion national debt. Instead of using our tax dollars to hire more people dedicated to stealing from us, how about reducing the $161,000 per taxpayer burden our national debt breaks down into?
But as we all know, fiscal responsibility hasn’t exactly been a prominent theme of this bizarre election cycle. After all, we have a Republican presumptive nominee who is expressly against reducing military spending or pursuing entitlement reform.
And that’s too bad, because even the nonpartisan Congressional Budget Office realizes we’re veering toward an unsustainable fiscal cliff pretty quickly.
Hey, at least we’ll know through the next economic crisis that the IRS will be sufficiently staffed!
What could possibly be more important?