“ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive wealth — sometimes, even nothing.”
“Under the terms of an agreement with the federal government, Intuit and other commercial tax prep companies promised to provide free online filing to tens of millions of lower-income taxpayers. In exchange, the IRS pledged not to create a government-run system. Since Free File’s launch, Intuit has done everything it could to limit the program’s reach while making sure the government stuck to its end of the deal.”
Tax evaders, rejoice: the Internal Revenue Service may not have enough resources to come after the vast majority of those offshore bank accounts. It also doesn’t have enough resources to investigate white collar crime, curb suspicious corporate activity, shore up the nation’s rising budget deficit, or answer tens of millions of law-abiding taxpayers’ questions. And now, just when morale is at its lowest, the IRS stands to lose a third of its most valuable and experienced workers next year as the organization’s most senior cohort becomes eligible for retirement.