David Stockmans Contra Corner

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David Stockmans Contra Corner
Why And How To Fire 42,000 IRS Agents, Part 1

Why And How To Fire 42,000 IRS Agents, Part 1

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david stockman
Apr 17, 2025
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David Stockmans Contra Corner
Why And How To Fire 42,000 IRS Agents, Part 1
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In honor of Tax Day the true scandal of current American fiscal governance needs be commented on. Or, better still, hammered upon good and hard.

To wit, the American electorate apparently doesn’t give a shit about runaway government spending because as a practical matter the overwhelming share of voters don’t pay the taxes to fund it. Aside from social insurance taxes, which most payroll taxpayers still believe to be a premium for a government-sponsored retirement annuity, the bottom 90% of households fund only a tiny fraction of Federal spending.

That’s right. The bottom 145 million US income tax filers (out of 161 million total filers) currently pay just $500 billion in Federal income taxes. That’s barely $3,500 per return and even then approximately 50 million of these returns owe zero taxes or actually get tax credit refunds for taxes they haven’t paid!

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