October 2, 2022

IRS Whistleblower: ‘Billionaires … Laughing’ as Biden Plan Targets Working, Middle Class along with Audits

A former lawyer for that Internal Revenue Service (IRS), who charged the agency of pursuing elderly Americans, says Leader Joe Biden’ s “ Inflation Reduction Act” will definitely target working and center class Americans with brand new IRS audits. Biden’ s Inflation Reduction Act, agreed upon into law on Wednesday, includes $80 billion for brand spanking new IRS audits on United states taxpayers. […]#@@#@!!

A former lawyer for the Internal Revenue Service (IRS), who else accused the agency of going after elderly Americans, states President Joe Biden’s “ Inflation Reduction Act” will undoubtedly target working and center class Americans with new IRS audits.

Biden’s Inflation Reduction Act, signed into legislation on Tuesday, includes $80 billion for new IRS audits on American taxpayers. The Congressional Budget Office (CBO) estimates that  at least $20 billion   will be taken from working plus middle class Americans making less than $400, 000 annually as a result of the increased IRS audits.

William Henck, a former IRS lawyer,   told Fox Business   Network that executives at the biggest corporations and billionaires are usually “ sitting back laughing right now” as Biden indications the Inflation Reduction Act.

“ The idea that they’re going to open up things up and go after these big billionaires and large corporations is quite frankly bulls– t. It’s not going to happen. They will give themselves bonuses and promotions and really nice conferences, ” Henck said:

“ The big corporations and  the particular billionaires are probably sitting back laughing right now , ” he or she continued. [Emphasis added]

There will be considerable incentive to generally to shake down people, and the advantage the INTERNAL REVENUE SERVICE has is they have basically unlimited resources and no liability , whereas a taxpayer has to weigh the cost of accountants, tax lawyers — combating something in tax court, ” Henck told SIBEL Business. [Emphasis added]

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *