Here is what the IRS takes in yearly. Most recent info is for 2022.
So, considering what DOGE is saving and also clawing back with waste, are we online for no income taxes ? How much has Trump and DOGE publicly stated have already been saved by ending the fraudulent expenditures.
Elon Musk Mulls $5,000 Tax Refund Checks Amidst White House Saying He's Not DOGE Head
The White House's announcement comes as a surprise as Musk has been politically active in recent weeks
Reports about Americans getting the so-called "DOGE Dividend" are now blowing up online, and the Elon Musk claims that he will talk to President Donald Trump about it. However, there are no guarantees that this DOGE Dividend of $5,000 will come in the form of taxpayer refund checks.
This comes just as the White House revealed that Musk is not the head of the Department of Government Efficiency (DOGE). It has been widely believed that he is, but that seems to not be the case.
Elon Musk Mulls $5,000 Tax Refund Checks For Americans
https://www.techtimes.com/articles/309417/20250218/elon-musk-mulls-5000-tax-refund-checks-amidst-white-house-saying-hes-not-doge-head.htm
How much tax is paid to the IRS each year?
In 2022, the latest year for which data is available, the IRS collected more than $4.9 trillion in taxes, penalties, interest and user fees.Sep 13, 2024
With the help of Inflation Reduction Act resources, the IRS will be taking a variety of steps to help improve voluntary compliance by improving taxpayer services and offering new technology tools to work in concert with additional compliance work.
During Fiscal Year (FY) 2023, the IRS collected nearly $4.7 trillion in gross taxes, processed almost 271.5 million tax returns and other forms, and issued …Aug 22, 2024
Tax gap details: late payments and IRS enforcement generated $63 billion in 2021
The $688 billion gross tax gap is the difference between estimated 'true' tax liability for a given period and the amount of tax that is paid on time. The gross tax gap covers three key areas – nonfiling of taxes, underreporting of taxes and underpayment of taxes.
The IRS notes that the tax gap estimates and projections cannot fully account for all types of noncompliance. In addition, the projections released today are based largely upon the compliance behavior estimated from the most recent set of completed audits (from tax years 2014-2016). That estimated compliance behavior is projected forward to taxpayers in tax years 2020 and 2021.
Late payments and IRS enforcement efforts are projected to generate an additional $63 billion on tax year 2021 returns, resulting in a projected net tax gap of $625 billion. Between tax years 2014-2016 and tax year 2021, the estimated tax liability increased by about 38 percent, roughly the same increase as the gross and net tax gaps. Much of these increases in tax liability and the tax gap can be attributed to economic growth.
https://www.irs.gov
https://www.irs.gov/newsroom/irs-updates-tax-gap-projections-for-2020-2021-projected-annual-gap-rises-to-688-billion
https://www.kiplinger.com/taxes/bill-aims-to-abolish-the-irs-for-consumption-tax
Kiplinger
www.kiplinger.com
No More IRS? House Republicans Push for Consumption-Based Tax System
Jan 14, 2025 — The bill seeks to abolish the IRS and repeal all personal and corporate income taxes and the death tax, gift tax, and payroll tax.
In 2022, the latest year for which data is available, the IRS collected more than $4.9 trillion in taxes, penalties, interest and user fees.Sep 13, 2024