The government is planning on hiring 87,000 new IRS agents. This increase in IRS enforcement is part of the “Inflation Reduction Act” that the Old Fool Biden and the Dimbulbs tout as wonderful new legislation.
Why does the IRS need 87,000 new ARMED agents?
The IRS will be chasing every penny and squeezing EVERYONE for more money. How else will the government pay for all the FREE MONEY programs? It was just announced that there will be a new reporting system to squeeze every last penny from the TIPS that food servers receive. According to the Old Fool, NO ONE MAKING UNDER $400.000 PER YEAR will pay anything more in TAXES. Looks like your local waitress or waiter makes MORE than $400.000 per year.
The IRS is also implementing a REQUIREMENT that ALL “Third-party payment platforms” report transaction of MORE THAN $600 per year and the individual must report these transactions with a 1099-K form. “Third party payment platforms” are service such as PAYPAL, AMAZON PAYMENTS, BITPAY, WEPAY, etc. Why the scrutiny on these services? Many people are finding out that they can have small/micro-businesses MAKING and selling things HERE IN THE USA. With 3D printers, Laser cutters/engravers, desktop CNC machines, or just making craft items by hand, people have found out they can make a few bucks with a side hustle selling items they produce on Etsy, Amazon, Ebay, or directly on the web. Almost all of these transactions are processed by the “Third-party platforms” and I suspect this side hustle money is mostly unreported. If a stay at home mom makes an extra $1000 per year selling her craft items, the IRS wants their $300 cut in taxes.
The IRS will also need thousands of agents to SPY on cash transactions such as SWAP MEET SELLERS and YARD MAINTENANCE WORKERS (your brown person gardener) who deal mostly in CASH. IF they try to deposit money in a bank or other financial institution this will again be reported to the IRS and they will “work” to get their cut taxes. Ah come on man you might say, how much money can be made at a swap meet? To give you an idea about how much cash flows through swap meets, the very first $60 MILLION Gulfstream G650 private jet went to Preston Henn who was the guy who ran swap meet venues in Florida.
Here’s the rub. When the IRS starts taking all the “unreported” income prices will go up. It’s a “zero sum game”. The craft item on Etsy that was $50 will need to be priced at $75 to cover the tax burden. Directly or indirectly we will all end up paying for all the FREE MONEY programs that the Old Fool and the Dims love.
Looks like we all make more than $400.000. Thanks Joe for making me a high income earner.
There’s a high altitude BALLOON floating around our country with SPY equipment on board. The Chinese claim that it’s a civilian research balloon that went awry.
The existence of this SPY BALLOON flying above our country raises several questions. Why was it not detected as it flew over Alaska? Why did the Canadians not report the balloon flying over THEIR COUNTRY? How is it that China can launch a craft as big a THREE SCHOOL BUSES, let it float across THOUSAND OF MILES of ocean, and we did not detect it? Was it launched from LAND or A SHIP?
The news media is speculating that this SPY BALLOON is looking at our nuclear weapons facilities. I say that’s a bunch of HOGWASH. The Chinese have enough high resolution imagery from their own and commercial satellites that this SPY BALLON would be of little use for that.
The SPY BALLOON is reported (by the Pentagon) to be flying at over 60,000 feet. I would guess it’s more likely closer to 70,000. The ALTITUDE is important. At 70,000 feet the SPY BALLOON would be above the JET STREAM and can loiter for long periods of time. From some of the pictures it appears that the balloon payload has SOLAR PANELS indicating it was designed for a long duration deployment. Once again ALTITUDE IS IMPORTANT.
What can get up to 70,000 feet? An F-16 has a service ceiling of 58,000 feet. Service ceiling is the point at which an aircraft can no long climb at over 100 feet per minute. An F-18 has a service ceiling of 52,300 feet. An F-15 has a service ceiling of 65,000 feet. An F-35 (Fat Amy, the latest multi-role fighter) has a service ceiling of only 50,000 feet. An F-22 has a service ceiling of 65,000 feet. IF the SPY BALLOON is at 70,000 feet we can only send up our latest fighters to take a look see from A MILE BELOW. It would be difficult to “shoot down” the SPY BALLOON from a MILE BELOW with our current inventory of fighters. TWO F-22’s were scrambled out of Nellis AFB in Nevada to look at the SPY BALLOON. but they quickly returned back to base. The F-22’s could get the closest to peeking (not Peking) at the SPY BALLOON.
What are the Chinese hoping to discover? I believe that the Chinese are using this to find out our AVIATION CAPABILITIES. They are prodding to see if we have a new TOP SECRET AIRCRAFT flying. An aircraft with a SCRAMJET could reach those altitudes and I bet the COMMIES would be LOVE to take a bunch of pictures of our LATEST TOP SECRET AIRCRAFT as it intercepted their SPY BALLOON.
I hope our leaders are NOT SO STUPID that they fall for this ruse and show them what we have.
Who knows? The plans for the TOP SECRET AIRCRAFT may have been safely stored in a Delaware garage next to a Corvette.
On Martin Luther King Day, the Old Fool Biden pandered to the National Action Network, NAN demanding that no one should be incarcerated in Federal Prison for “simple marijuana possession”. This must be a HUGE injustice if the Old Fool made this an important talking point to the civil rights group (black community).
According to the Federal Bureau of Prisons there are 148,975 prisoners incarcerated for various crimes against the state. The last time possession was broken out was in 2017 where of almost 150,000 prisoners, 92 were in for possession of any kind of drug. That would be 0.06% of the Federal prisoners. SIX ONE HUNDREDTH of ONE PERCENT. That’s right folks The Old Fool is making a priority for 0.00003% of the population. Three in Ten Million. To put this in perspective, the OLD FOOL is pandering to ONE PERSON in a city the size of LOS ANGELES.
How about worrying about the $32 TRILLION in National Debt that affects all of us?