this post was submitted on 29 Jul 2023
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Kinda has a stench of "the wealthy get taxed too much ๐ข"
The IRS doesn't get that money. The IRS processes that money and prevents your lottery-ticket-buying-ass from hoarding it all, and redistributes some of that unnecessary wealth to the utilities and services were all invested in together as a society.
Sadly, the IRS isn't properly staffed or equip to go after rich people...
Yeah good thing they take it from lottery winners up front.
I heard this eloquent way of saying it the other day:
The IRS doesn't have the money to go after people with money.