The so-called “Inflation Reduction Act” — which has done plenty with the exception of reducing inflation — contained tens of billions of dollars worth of new funding for the IRS which Biden and the Dems claimed would only go after “rich tax cheats” and not the working class.
President Biden (in the below example courtesy of whoever runs the @POTUS account) is among Democrats who have been pushing that talking point:
Growing the middle class from the bottom up and the middle out requires a tax code that works for working families. The Inflation Reduction Act will help get that done. pic.twitter.com/qyDWREU5bA
— President Biden (@POTUS) August 20, 2022
Would it shock you that Biden and the Dems are lying again? Of course not!
Rep. Thomas Massie was among those who spotted yet another example showing that the IRS is going to up its “go after the working class” game:
Recommended
Stop the presses. No need to raise the debt limit. Biden is going after those billionaire waitresses’ tips.
HT: Mike @taxreformer pic.twitter.com/DRIHtPoIDM
— Thomas Massie (@RepThomasMassie) February 8, 2023
Those 87,000 new IRS agents that you were promised would only target the rich…
They're coming after waitresses' tips now: "monitoring of employer compliance based on actual annual tip revenue and charge tip data from an employer's point-of-sale system."https://t.co/WAvh0t2cNN
— Mike Palicz (@Mike_Palicz) February 7, 2023
Yeah, this isn’t the kind of thing that seems to be focused on making sure “the rich” are paying their “fair share”:
IR-2023-19, Feb. 6, 2023
WASHINGTON — The Treasury Department and Internal Revenue Service today issued Notice 2023-13, which contains a proposed revenue procedure that would establish the Service Industry Tip Compliance Agreement (SITCA) program, a voluntary tip reporting program between the IRS and employers in various service industries. The IRS is issuing this guidance in proposed form to provide an opportunity for public comment.
The proposed SITCA program is designed to take advantage of advancements in point-of-sale, time and attendance systems, and electronic payment settlement methods to improve tip reporting compliance. The proposed program would also decrease taxpayer and IRS administrative burdens and provide more transparency and certainty to taxpayers. The proposed program includes several features:
–The monitoring of employer compliance based on actual annual tip revenue and charge tip data from an employer’s point-of-sale system, and allowance for adjustments in tipping practices from year to year.
–Participating employers demonstrate compliance with the program requirements by submitting an annual report after the close of the calendar year, which reduces the need for compliance reviews by the IRS.
–Participating employers receive protection from liability under the rules that define tips as part of an employee’s pay for calendar years in which they remain compliant with program requirements.
–Participating employers have flexibility to implement employee tip reporting policies that are best suited for their employees and their business model in accordance with the section of the tax law that requires employees to report tips to their employers.
The super-rich employ armies of tax attorneys, so of course the government will mostly after the lower-hanging fruit.
hahahahahha billionaires lol https://t.co/syAlgN7uu9
— Ultraspicybae (@Buffyinnyc) February 8, 2023
"…but only for the rich!" has always been a slippery slope.
— Dave Benner, Thomas Paine Promoter (@dbenner83) February 8, 2023
What’s even more maddening is when Dems who are in Congress — the body that writes the tax laws — whine about how unfair the tax laws are and then blame “the rich” for taking advantage of the laws as they’re written.
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