Democrats in Washington are all set to pump $79 billion of new money into the Internal Revenue Service (IRS), in large part to hire as many as 87,000 additional employees – and thereby ‘grow’ this agency into the largest in all of government. As the plan unfolds over the coming 10-years, the IRS will “employ more bureaucrats than the Pentagon, State Department, FBI, and Border Patrol combined” (Washington Free Beacon, Aug 6, 2022).
The projected benefit from this massive new government expansion plan: $204 billion over 10 years.
Washington Republicans, aside from voting ‘No’ on this government-expanding extravaganza, shamefully have no plan of their own to offer a ‘better, more powerful, more efficient, and more prosperous way forward for America.’
Washington Republicans, furthermore, have made no statement about ‘defunding’ this massive IRS expansion.
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WSJ: The IRS May Soon Get Bigger Claws
By Laura Saunders, Aug. 6-7, 2022 – Excerpts:
“If Congress passes the Inflation Reduction Act, Americans should expect more IRS audits—especially on filers making more than $400,000 a year…. includes provisions adding $79 billion to Internal Revenue Service funding over the next decade. More than half of it would boost enforcement, while $30 billion would be to improve operations and technology, and $3 billion would go for taxpayer service.”
“According to the Congressional Budget Office, the expanded IRS funding is expected to raise $204 billion over 10 years. By this analysis, says Mr. Watson, the IRS will raise $2.50 for each additional dollar invested, because the $79 billion phases in and the agency needs time to ramp up. In the past, the IRS has estimated a return of $5 to $9 for each added dollar once hiring and training are complete.”
“Former Treasury secretaries, IRS commissioners, and tax-policy specialists across the political spectrum have endorsed the funding proposals. But the American Institute of CPAs has expressed reservations, given the massive backlog of more than 17 million unprocessed paper returns.… “Given the historic low level of taxpayer services, we are concerned about a possible imbalance between funding for taxpayer services and enforcement,” the group said in a letter to Congress.
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Washington Republicans may be ‘dead in the water,’ but Main Street America Republicans do have a plan.
The Leviticus 25 Plan, by virtue of its Federal Income Tax Recapture provisions, will increase U.S. Treasury Department net tax collection revenue by $1.592 trillion over a 5-year period – all without spending one additional dollar on IRS collection efforts.
The Leviticus 25 Plan – Federal Income Tax Recapture
The scoring model assumes that 80% of U.S. citizens will participate in The Leviticus 25 Plan.
Participants must give up their tax refunds through the Plan’s recapture provisions for the 5-year target period (2023-2027).
According to 2021 IRS Filing season statistics, through Dec 3, 2021: 129,841,000 total refunds were paid out for a total of $365.499 billion. The estimated refund total for the full year, through December 31st: $365.5 billion.
Refund totals have increased by ~$44 billion over the past five years, from $323.9 billion (2017) to a current (estimated) $365.5 billion (2021), representing an average increase of $8.32 billion / year.
A conservative estimated average of $8 billion per year (2023-2027) will be used for this recapture calculation.
2021: $365.5 billion
2022: $374 billion
2023: $382 billion
2024: $390 billion
2025: $398 billion
2026: $406 billion
2027: $414 billion
Total: $1.990 trillion
Total recapture X 80%: $1.990 trillion X .8 = $1.592 trillion
Total recapture per annum (2023-2027): $1.592 trillion / 5 = $318.4 billion
Source: https://www.irs.gov/newsroom/filing-season-statistics-for-week-ending-december-3-2021
The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens. It is a comprehensive plan with long-term economic and social benefits for citizens and government.
The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.
The Leviticus 25 Plan – An Economic Acceleration Plan for America
$90,000 per U.S. citizen – Leviticus 25 Plan 2023 (4149 downloads)