Big news about the IRS! The government is letting go of about 7,000 workers. This could make it harder for the IRS to catch people who don't pay their fair share of taxes. It might also mean slower tax returns this year.
- Fewer IRS workers mean less tax checking.
- This affects rich people who might not pay all their taxes.
- It could also slow down getting your tax refund.
| Rescission (Money Taken Away) | Revenue Lost | Increased Deficit |
|---|---|---|
| $5 billion | $5.2 billion | $0.2 billion |
| $20 billion | $44 billion | $24 billion |
| $35 billion | $89 billion | $54 billion |
