Monday, July 1, 2013

A Dollar Spent is $6 Earned

The IRS has asked Congress for a $1 billion dollar increase in their budget for the 2014 fiscal year.  That would bring the total budget for the department to $12.9 billion.  The department says that for every $1 they spend to enforce regulations and to collect money, they bring in $6 in revenue.  That’s a pretty good return on investment.  Obviously they pursue those taxpayers they feel will net them the most from an audit so expanding the taxpayers may not return as much since the juiciest prey are already being pursued.  Should be interesting to see how the IRS fairs in the budget wars given the extreme controversy swirling within the department currently. 

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