The IRS shorted us $10 billion.
According to the New York Times, “…for every dollar in funds, the I.R.S. brings in $200 in revenue.”
According to USA Today, the IRS spent $50 million on conferences.
Just doing basic math, if they had used that money for collections and not conferences, they would have brought in an extra $10 billion.
That doesn’t sound very efficient. And earlier this year, President Obama asked for an additional $1 billion for the IRS budget.
Here’s an idea. Since the IRS asks taxpayers for details of how we spend our money, how about we require the IRS to provide details of how they spend our money? That seems only fair. And if they had the IRS checkbook online, maybe it wouldn’t have taken 5 years to surface the lavish conferences. Sound easy?