GOP pushes ineffective, revenue damaging cuts to IRS, even as tax code gets more complicated
Cenk looks at Romney’s tax returns as a case study in how rich people avoid paying more in taxes. With income of more than $57,000 a day — without a paying job — Romney pays less in taxes than most Americans. It helps that Republicans have pushed for lower funding for the IRS, even though studies have shown that government auditors can find almost $10,000 in owed taxes for every hour worked. David Cay Johnston explains that with more complex tax laws and a larger population, the IRS actually needs more staff.
