Cryptopolitan on MSN45m
Tax revenue collected by the IRS set to drop by over 10%
US tax revenue is expected to drop by over 10% by April 15, with the IRS anticipating a $500 billion shortfall.
The IRS could collect $500 billion less in tax revenue, report says, and the U.S. may run out of cash in a few months without a debt-ceiling hike
An expected 10% revenue decline is due to changes in taxpayer behavior and President Donald Trump's cuts to the IRS, ...
The New Republic on MSN51m
IRS Braces for Huge Revenue Hit Thanks to Elon Musk’s DOGE
Elon Musk’s decision to take a chainsaw to the Internal Revenue Service is fast-tracking the agency for a steep decline in revenue. Abrupt, DOGE-directed staff cuts at the agency have sparked fears ...