Summary

The IRS anticipates a $500 billion revenue loss as taxpayers increasingly skip filings following cuts from Elon Musk under Trump.

The IRS, set to downsize by 20% by May 15, has seen increased online chatter about avoiding taxes, with individuals betting auditors won’t scrutinize accounts.

Experts warned that workforce reductions could cripple the agency’s efficiency.

Treasury officials predict a 10% drop in tax receipts compared to 2024.

Former IRS commissioners have criticized the cuts, warning of dysfunction and reduced collection capacity.

  • P1k1e@lemmy.world
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    4 days ago

    4 to 8 bucks in Oakland, oddly enough, Safeways where all the mega price hikes are. You’d figure a general grocery store would have less but I guess the other spots buy local

    • conditional_soup@lemm.ee
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      4 days ago

      Merced here, we’re smack in the middle of Cowlifornia, so I would’ve guessed our prices would come down first. I’ve seen local grocers here deadass selling loosies for a dollar. Wild that you guys are coming down before us, but I’m glad to see it.

      • P1k1e@lemmy.world
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        4 days ago

        That is weird, could be dependant on preexisting contracts or possibly bulk orders