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Everything You Need To Know About The Housing Market w/ Jaspreet Singh EP 1313
The School of Greatness
Is the Inflation Reduction Act Working to Hire 87,000 More IRS Workers?
The inflation reduction act is supposed to reduce inflation. How do you reduce inflation? You spend less money because the government has spent so much money that they didn't have, which caused money printing. They want to invest very heavily billions of dollars into the IRS to help them collect more tax dollars and past tax dollars. So in 2021, 50% of IRS audits were on people earning less than $75,000 a year. That's crazy considering that today there are about 80,000 IRS workers. The 87,000 people that they're hiring are not all IRS agents and they're not all being hired today. It could be a little bit different.
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