IRS Penalties and Rising Consumer Confidence

This chapter discusses the IRS's recent decision to waive penalties for back taxes under $100,000 for the pandemic years 2020 and 2021, amidst staffing challenges and increasing taxpayer dissatisfaction. It also examines the current state of consumer confidence in the U.S., highlighting its connection to economic indicators and the potential impact of rising prices. The chapter concludes with a quirky story about a billionaire's surprising adoption of his gardener, combining humor with insights on wealth and inheritance.