911
IRS be like (lemmy.ml)
submitted 7 months ago by Grayox@lemmy.ml to c/memes@lemmy.ml
41 comments fedilink hide all child comments
top 41 comments
sorted by: hot top controversial new old
[-] Zipitydew@sh.itjust.works 54 points 7 months ago

I get the intent here, but it's a really bad comparison. It's certainly easy to get confused about without base level awareness of finance and accounting things.

The DoD is a government cost center. It doesn't generate revenue. Therefore nothing to tax. Meaning nothing for the IRS to audit.

That's why the federal government has other audit authorities and often contracts independent auditors to help. Those people are auditing department spending and assets related though. This type of audit is not to check if taxes are owed. It's more like making sure the department bank account is correct to keep this simple.

[-] SnotFlickerman@lemmy.blahaj.zone 24 points 7 months ago* (last edited 7 months ago)

This. Congress is in control of auditing the Pentagon.

The most the IRS would do would be auditing the incomes of people who work at the Pentagon.

Badly put together meme.

[-] TurtleJoe@lemmy.world 5 points 7 months ago

I also want to add that many landlords were beginning to demand that their tenants pay with venmo, or other e-payment services, and those leeches need to pay their taxes.

[-] ryathal@sh.itjust.works 5 points 7 months ago

Which the IRS has acted on, and most these platforms have to send documents to the IRS for anyone that crosses a certain threshold. They are going to have to prove it isn't income or claim it.

[-] pingveno@lemmy.ml 3 points 7 months ago* (last edited 7 months ago)

I found this article on the audit. It's also about boring but necessary things like stockpile management, automation, climate risk, and bookkeeping. It's broken into 30 sub-audits. It sounds like all of these must be fully passed as "clean" for an audit to not be considered failing.

[-] galloog1@lemmy.world 0 points 7 months ago

Yep, I'm not sure why folks think this is anything more than some company lost a gas mask somewhere. It's me... I'm the problem it's me.

[-] JoYo@lemmy.ml 1 points 7 months ago

s/IRS/GSA/

[-] SnotFlickerman@lemmy.blahaj.zone 33 points 7 months ago* (last edited 7 months ago)

Poor people can't afford lawyers to fight back.

Rich people can.

~~Ergot~~ Ergo, they aim at poor people way more often.

[-] kpw@kbin.social 20 points 7 months ago

The Pentagon is not some rich dude with lawyers.

[-] Grayox@lemmy.ml 12 points 7 months ago

[-] kpw@kbin.social 7 points 7 months ago

The military also doesn't make any revenue probably.

[-] Tak@lemmy.ml 19 points 7 months ago

Oh it does, just for private entities.

[-] SnotFlickerman@lemmy.blahaj.zone 2 points 7 months ago

Yeah not my fault its a badly considered meme.

I was just responding to the second half.

The IRS isn't in charge of auditing the Pentagon, congress is.

[-] Daxtron2@startrek.website 7 points 7 months ago

Not sure what grain fungus has to do with it

[-] thebuoyancyofcitrus@beehaw.org 5 points 7 months ago

Well, they are pretty clearly tripping, so maybe grain fungus has more to do with it than we realize.

[-] SnotFlickerman@lemmy.blahaj.zone 4 points 7 months ago

Nice catch.

[-] blanketswithsmallpox@lemmy.world 7 points 7 months ago* (last edited 7 months ago)

Ergot, they aim at poor people way more often.

Or 99.9% of people are poor lol.

Besides, thank you Biden.

https://www.usatoday.com/story/money/2023/11/09/irs-uses-funding-to-audit-wealthy/71486513007/

[-] Tak@lemmy.ml 9 points 7 months ago

The IRS can audit the ultra wealthy exclusively and it still wont really change how fucked taxes are in the US. The tax brackets are a fucking wreck, capital gains is a joke, and estate tax is basically non existent.

It's like cheering for Biden for really sticking it to those rich folk when he's just checking their couch for quarters.

[-] EatYouWell@lemmy.world 5 points 7 months ago

We really just need a corporate revenue tax. Any other method of taxing the ultra wealthy will be abused so that the ultra wealthy are the only ones not paying it

[-] blanketswithsmallpox@lemmy.world 2 points 7 months ago* (last edited 7 months ago)

Ah true, guess we better do nothing rather than search for billion dollar quarters in the trillionaire holding elite class.

[-] Tak@lemmy.ml 2 points 7 months ago

That's what I am saying, this is nothing and we shouldn't be celebrating nothing. It's not like they fixed the Trump admin's tax changes, it's not like they're taxing the wealthy more.

To do more than nothing takes an act of Congress and they're not doing anything, they're doing nothing. This is the legal equivalent of 4th grade graduation ceremonies.

[-] mrchuckles@beehaw.org 2 points 7 months ago

ergotism is a sick grim salvo reference

[-] Novman@feddit.it 26 points 7 months ago

USA is an empire based on the strongest military in the world. Of course DoD has green light for everything. Or you believe that european countries/japan follow the american interests against their own for good will?

[-] itsmect@monero.town 20 points 7 months ago* (last edited 7 months ago)

May I introduce you to our lemmy instance? Sending over $600 without the IRS feeling up on you, lol.

I don't condone tax evasion, but I do oppose mass surveillance and firmly believe "innocent until proven guilty". The biggest tax evaders are large corpos and megachurches anyway.

[-] DrPop@lemmy.one 10 points 7 months ago* (last edited 7 months ago)

https://www.irs.gov/newsroom/irs-announces-2023-form-1099-k-reporting-threshold-delay-for-third-party-platform-payments-plans-for-a-5000-threshold-in-2024-to-phase-in-implementation

https://www.irs.gov/newsroom/irs-announces-delay-in-form-1099-k-reporting-threshold-for-third-party-platform-payments-in-2023-plans-for-a-threshold-of-5000-for-2024-to-phase-in-implementation

https://www.irs.gov/businesses/understanding-your-form-1099-k

Here are some resources to counter this misinformation.

[-] XeroxCool@lemmy.world 2 points 7 months ago

Most importantly being that this limit, form, and change is for businesses. This is not for personal accounts.

[-] DrPop@lemmy.one 5 points 7 months ago

That is for businesses, Cash app PayPal venmo etc,to report to the IRS that you had this source of income. 1099k has to deal with Internet transactions. This is absolutely for personal accounts.

[-] XeroxCool@lemmy.world 1 points 7 months ago

Payments you got from family and friends should not be reported on Form 1099-K

[-] DrPop@lemmy.one 3 points 7 months ago

Yes, yet this is what people are acting as if this regulations are. Keyword here is should.

[-] AndrasKrigare@beehaw.org 1 points 7 months ago

Thank you. I keep seeing memes like this but have never heard of anyone I know actually getting audited. I only got audited once when I completely forgot to include the income from a place I worked for a couple weeks, which is fair (and probably automated on their end considering they would've sent their withholding information to the IRS anyways)

[-] DrPop@lemmy.one 1 points 7 months ago

Yes that process is basically automated. It's actually called The Automated Underreporter.

[-] psmgx@lemmy.world 9 points 7 months ago

IRS ain't going after the DoD. Not their job.

GAO is supposed to do that, and they regularly publish scathing reports about all sorts of DoD shit. Public, too

[-] SpaceNoodle@lemmy.world 5 points 7 months ago

Reports which nobody reads and carry no consequences.

[-] IWantToFuckSpez@kbin.social 6 points 7 months ago

It’s just a missing missile or two here and there

[-] shiveyarbles@beehaw.org 4 points 7 months ago

You dissing the missing fissile missile ?

[-] Zipitydew@sh.itjust.works 2 points 7 months ago

And in some cases they've found more. The miss numbers being thrown around are typically aggregate of all overage and underage combined. That way all errors are highlighted and the overages don't net out some underages.

The other funny thing is how it's fucking Russia. These audits are partially why old assets were depreciated even further. Which freed up more "spending" for Ukraine.

I'm even old enough to remember Republicans started this whole thing as a gotcha to Clinton. It was so they could prove with all the departments being audited that taxes could be cut. Then the only department that got a pass was DoD. Right when Bush came in. And they then kicked that can a few more times until Obama was President. Then it was suddenly a big deal to Republicans again for DoD to finally start doing audits.

[-] pingveno@lemmy.ml 1 points 7 months ago

So these are basically audits that are designed to fail for political points, or at least that's how it started?

[-] Zipitydew@sh.itjust.works 2 points 7 months ago

Mostly yes. The Newt Gingrich lead house Republicans wanted to do anything they could to make Clinton look bad. Somewhere around 97 these audits started across all federal offices. Point being to "prove" waste was happening and taxes for rich people could be cut. Dems went along with it because it's not actually a bad idea. But right out of the gate the Republicans made sure DoD was given a pass.

[-] TWeaK@lemm.ee 4 points 7 months ago

The only certainties are death and taxes, but I'm still waiting on both to catch up with me.

[-] ivanafterall@kbin.social 4 points 7 months ago

Fyi, if the IRS thinks you are dead, they stop coming after the taxes. I'm not totally clear on the legalities of it, though.

[-] TWeaK@lemm.ee 1 points 7 months ago

Yeah that's what I was thinking, potentially only one of them could win the race!

this post was submitted on 01 Dec 2023
911 points (96.7% liked)

Memes

44134 readers
2057 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS
gary_host_laptop@lemmy.ml
sexy_peach@feddit.de
cyclohexane@lemmy.ml
cypherpunks@lemmy.ml