The Indicator from Planet Money IRS information sharing, bonds bust, and a chorebot future
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Apr 11, 2025 Discover the intriguing reasons behind the IRS's decision to share taxpayer information, spotlighting privacy concerns. Delve into the surprising drops in the bond and stock markets, highlighting investor anxieties. Laugh along as the podcast imagines a future where robots take over household chores, discussing the potential social impacts and the joys of automation. Explore the hidden contributions of undocumented immigrants to the tax system, illustrating their unexpected role in the economy. It's a blend of finance, technology, and humor!
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Undocumented Immigrants and Taxes
- Undocumented immigrants contributed $59.4 billion in taxes in 2022.
- They often don't receive benefits like Social Security or Medicare.
IRS Information Sharing Controversy
- The IRS agreed to share some taxpayer info with Homeland Security.
- IRS commissioner Melanie Krause resigned after learning about the deal from Fox News.
File Your Taxes
- The IRS's core principle is that tax data is private, regardless of immigration status.
- File your taxes, even with the current IRS controversies.