Thursday, September 19, 2013

The Costly Decline of the IRS

Fiscal austerity has proved costly, Businessweek reports:
[B]udget cuts forced the IRS to trim 8,000 full-time workers from its rolls, 5,000 of whom were auditors. Those layoffs amounted to a 14 percent reduction in the agency’s enforcement staff, which caused the money that the IRS collects through audits to fall off by 13 percent.

1 comment:

Jim Gust said...

Too bad they didn't choose to cut the Star Trek videos, and all the travel expenses that went with it.

Frankly, I'm suspicious of this graph, which coincides with a massive economic downturn and a collapse of tax revenue generally.