By the Numbers: IRS Funding

A look at the numbers behind the funding boost for the IRS in recent legislation and measures to combat our major issues.
1:44 | 08/13/22

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Transcript for By the Numbers: IRS Funding
GROUNDBREAKING REPORTING AND INNOVATION AT ABC NEWS. COM. HERE'S TO EVERYTHING AHEAD. >> WELCOME BACK, ALONG WITH MEASURES TO COMBAT CLIMATE CHANGE, LOWER HEALTH CARE COSTS, AND REDUCE THE FEDERAL DEFICIT, THE INFLATION REDUCTION ACT INCLUDES A FUNDING BOOST FOR THE IRS. SO WHY DOES THE TAX MONEY MORE MONEY? WE'RE GONNA TAKE A LOOK BY THE NUMBERS. 78 BILLION DOLLARS, THAT'S HOW MUCH OF THE IRS WILL RECEIVE OVER THE NEXT TEN YEARS FROM THE BILL PASSED TODAY. THE AGENCY SAYS IT AIMS TO HIRE ABOUT 87,000 PEOPLE BY 2031, MOST OF THOSE JOBS WILL BE REPLACING RETIREES, OR FILLING OPEN POSITIONS. ABOUT 20 TO 30,000 WILL BE NEW POSITIONS, INCLUDING IT TECHNICIANS. 10. 2 MILLION, THAT IS THE BACKLOG OF INDIVIDUAL RETURNS, AS OF JULY 29. ACCORDING TO THE WASHINGTON POST, THE AGENCY IS STILL RELYING ON PAPER FILES AND WINDOWS XP TO MANAGE CASES. TAXPAYER SERVICES SUPPORT STAFF WILL BE ADDED, 230 MILLION, THAT'S HOW MANY TAXPAYER PHONE CALLS THE IRS GOT LAST YEAR. THEY HAVE ABOUT 15,000 EMPLOYEES WORKING THE PHONES, AND NOT SURPRISINGLY, ONLY ABOUT 11% OF COLLARS CONNECTED TO AN ACTUAL HUMAN. HIGH-LEVEL AUDITORS, 400 BILLION DOLLARS ANNUALLY. THAT IS THE ESTIMATED REVENUE THE U.S. GOVERNMENT COULD BE COLLECTING, BUT CAN'T BECAUSE TAXPAYERS UNDER REPORT INCOME, OR USE OTHER TACTICS TO LOWER THEIR TAX BURDENS. AUDITS ARE AT A RECORD LOW, 0. 2 5% IN 2019, THAT IS DOWN FROM JUST UNDER 1% IN 2010. AUDITORS WERE TOLD WERE FOCUSED ON HOUSEHOLD EARNING MORE THAN $400,000 A YEAR, AND LARGE CORPORATIONS. AUDITS WILL NOT INCREASE FOR

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