Andrew Jacobson
@andrew-jacobson.bsky.social
Self censoring due to concern about the surveillance state.
Reposted by Andrew Jacobson
On projected revenue:
To put $500 billion in context, the US spent ~$825 billion on the Defense Department in fiscal 2024.
The current tax gap is $700 billion. Think about almost doubling the tax gap in a single year.
To put $500 billion in context, the US spent ~$825 billion on the Defense Department in fiscal 2024.
The current tax gap is $700 billion. Think about almost doubling the tax gap in a single year.
🚨 Big SCOOP 🚨
Tax revenue could fall by as much as **10%** this year, per sources, as taxpayers and businesses see the Trump admin as less likely to challenge tax cheats.
That'd be **$500 BILLION** in lost revenue.
It'd nearly double the tax gap in a single year.
Tax revenue could fall by as much as **10%** this year, per sources, as taxpayers and businesses see the Trump admin as less likely to challenge tax cheats.
That'd be **$500 BILLION** in lost revenue.
It'd nearly double the tax gap in a single year.
Tax revenue could drop by 10 percent amid turmoil at IRS
Staff cuts and disruptions related to the U.S. DOGE Service have officials bracing for a sharp loss of revenue.
www.washingtonpost.com
March 22, 2025 at 9:12 PM
On projected revenue:
To put $500 billion in context, the US spent ~$825 billion on the Defense Department in fiscal 2024.
The current tax gap is $700 billion. Think about almost doubling the tax gap in a single year.
To put $500 billion in context, the US spent ~$825 billion on the Defense Department in fiscal 2024.
The current tax gap is $700 billion. Think about almost doubling the tax gap in a single year.
Not expecting Brutus to emerge from the craven sycophants surrounding him.
February 26, 2025 at 7:40 PM
Not expecting Brutus to emerge from the craven sycophants surrounding him.