XPost: alt.fan.rush-limbaugh, alt.politics
|
| 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.
| ...
| Treasury Department and IRS officials are predicting a
| decrease of more than 10 percent in tax receipts by the
| April 15 deadline compared with 2024, said the people, who
| spoke on the condition of anonymity to share nonpublic
| data. That would amount to more than $500 billion in lost
| federal revenue; the IRS collected $5.1 trillion last year.
| For context, the U.S. government spent $825 billion on the
| Defense Department in fiscal 2024.
| ... <
https://www.washingtonpost.com/business/2025/03/22/irs-tax-revenue-loss-federal-budget/>
--bks
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