The National Treasury Employees Union (NTEU), which represents workers for the Internal Revenue Service (IRS), organized nationwide protests Tuesday arguing that the sequestration would eliminate approximately $600 million from the IRS budget this year. Due to the reduction in the rate of spending increases, 100,000 employees will be furloughed starting May 24.
According to protest organizers, the IRS garners 93 percent of the revenue used to fund the federal government. Demonstrators said each $1 invested in the tax collection agency brings in a $7 return, which they say will mean diminished revenues and a heightened deficit because operations will not reach maximum capacity for five days between May 24 and Aug. 30 – an additional two days are being discussed for sometime in August or September.
One of the protests took place in downtown Manhattan, where IRS workers yelled out chants and held neon-colored placards. Some of the talking points included taxpayers experiencing the impacts due to longer wait times for assistance and fewer audits. Workers say they will also take a financial hit because they will miss a week’s worth of pay.
via IRS workers protest over sequestration, agency claims furloughs will hurt taxpayers | Economic Collapse News.
This is the most beautiful news I have heard in a long time!
Clayton -
They need to do this over at Medicare. The audits they hand out are costing taxpayers SO much money. My company is really suffering from the costs of responding to them. We have patients whose medical equipment hasn't been paid for in years, literally, and we're still patiently providing service and responding to level after level of review.
Demonstrators said each $1 invested in the tax collection agency brings in a $7 return
See, this is what your common burglar needs to do to improve his image. Put it in terms of how much he pays to rob a house (gasoline, mask, gloves) versus his return.
No no, you've got it all wrong. The common burglar has to break into your house. You invite the IRS into your house, after they threaten you with an audit. Quite civilized, I say.
Clayton: This is the most beautiful news I have heard in a long time! Clayton -
To paraphrase Marc Faber: We're all doomed, but that doesn't mean that we can't make money in the process. Rabbi Lapin: "Let's make bricks!" Stephan Kinsella: "Say you and I both want to make a German chocolate cake."
Who in their right mind would ever protest on the side of the IRS? they have got to be the most disliked ABC organization out there.