4.9 • 8.6K Ratings
🗓️ 15 November 2018
⏱️ 38 minutes
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0:00.0 | The Internal Revenue Service is an American Tax Collection Agency. |
0:04.6 | We get so much money they collect every year from American taxpayers. |
0:08.3 | We collect $3 trillion a year in a voluntary compliance system. |
0:11.8 | That's the IRS Commissioner himself. |
0:14.2 | Cheat trillion dollars is a lot of money that travels through the IRS's fingers. |
0:18.2 | And something I've learned over the years is that if that kind of money is going through |
0:21.9 | an organization, it's going to attract criminals and hackers to like a how and dog attracts |
0:26.5 | these. |
0:27.5 | So a lot has to be done to protect the IRS from attackers. |
0:30.6 | There are problems. |
0:32.2 | First of all, the budget is shrinking. |
0:34.3 | Again, here's the Commissioner from 2015. |
0:37.1 | The IRS is now at its lowest level of funding since 2008. |
0:42.0 | If you adjust for inflation, our budget is now comparable to where we were in 1998. |
0:48.2 | While our budget has been shrinking, however, the taxpayer base has grown by millions. |
0:52.9 | But after five years of budget cuts and a hiring freeze that has lasted for four years, |
0:58.0 | people need to understand that the IRS is going to have to do less with less. |
1:02.0 | It means that both enforcement and taxpayer service will suffer. |
1:06.9 | From 2010 to 2015, the budget had gone down by 20%. |
1:11.2 | You can already start to guess what kind of impact this may have on an organization. |
1:15.4 | Between 2010 and 2014, the IRS lost over 13,000 employees. |
1:20.4 | We expect to lose another 3,000 more or less through a trition by the end of this year. |
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