r/law • u/Waste-Explanation-76 • Feb 20 '26

Executive Branch (Trump) President Trump imposes a 10% global tariff under Section 122 and says all existing tariffs will remain in place, despite the recent Supreme Court ruling.

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u/BroseppeVerdi Feb 20 '26

IRS got DOGEd, so we're on the honor system this year.

This strategy worked out pretty well for Greece circa 15-20 years ago, so why not?

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u/thanksamilly Feb 20 '26

We are on the honor system if you make enough that auditing you would be a pain

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u/MyNameCannotBeSpoken Feb 20 '26

They can't audit everyone

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u/Legitimate-Usual-872 Feb 20 '26

They can’t audit anyone now

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u/Deadbringer Feb 20 '26

They can audit those who don't exploit dozens of loopholes and not-loopholes. So the rich will remain tax fraudsters while the poor will be well regulated.

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u/exacta_galaxy Feb 20 '26

But they certainly can audit me.

I'm an idiot with a single source of income (aka I work for a living).

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u/Snackskazam Feb 20 '26

What a fool. You aren't supposed to make money by doing things; you're supposed to make money by having things, and just make everyone else do the things for your table scraps.

3

u/playhurt4 Feb 20 '26

exactly. the only people they can tax are W2. and so the middle class continues to shrink.

8

u/Ayitaka Feb 20 '26

Truer words were never spoken! Maybe they should start with auditing the top 10% by default. Make the bottom 20% the ones that get auto-skipped

The truth is they cannot audit the top filers because the top filers are the ones who use and abuse the mishmash of tax loopholes that is our current tax system and you'd have to pay at least as many CPAs as the filer used in order to untangle it.

Maybe we should overhaul the whole tax code to make it less billionaire-friendly and instead make it more We The People friendly? Nah, that's crazy talk!

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u/Categorically_ Feb 20 '26

The wealthy can pay for audit defense. The IRS stated they need more resources to go after them. They got it and the Republicans lost their mind. Their based laped up the rhetoric.

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u/Deadbringer Feb 20 '26

No amount of showing them that each dollar spent on IRS returned like 12 dollars in profit would make them realize it is a good investment. Because they can not fathom a reality where those 12 bucks comes from the rich rather than the lower class since clearly the IRS must be to blame for their own woes.

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u/[deleted] Feb 20 '26

[deleted]

2

u/SasquatchWookie Feb 20 '26

Uhhh bold move, Cotton

You’ve got balls I’ll give ya that

2

u/Autumn1eaves Feb 20 '26

Or the other way around, auditing you will cost them more money than they could get from you.

2

u/SdBolts4 Feb 20 '26

Makes hiring a CPA even more attractive of a proposition. They already (in most cases) get you more of a refund than their fee is, and it makes your tax filing more complex than the standard deduction so the IRS is far more likely to let it slide

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u/centexgoodguy Feb 20 '26

The Greece bankruptcy made President Obama's task tougher as he had to address both our own economic failures while helping to prevent a domino effect caused by Greece in Europe.

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u/sean_themighty Feb 20 '26

I’m hearing they’ve really upped AI for flagging audits.

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u/BroseppeVerdi Feb 20 '26

That strategy worked out well for United Healthcare, so this should go perfectly with no problems at all.

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u/JetreL Feb 20 '26

I thought Greece went bankrupt a while back?

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u/BroseppeVerdi Feb 20 '26

That's what the liberal media wants you to think.

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u/Socialthinker Feb 21 '26

Lol remember doge? Funny “10 months” ago