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In 2020, then-presidential candidate Joe Biden promised that “no one making under $400,000 will see their federal taxes go up a single penny.”
Grover Norquist, president of Americans for Tax Reform, says Biden is “knowingly lying” about his claim to only tax the rich earning above $400,000.
Norquist said, “They have to convince the majority of Americans when they say they’re going to raise taxes, it doesn’t mean you.” (Trending: Woman Raised in USSR Says Biden’s DOJ Acts Like KGB)
“House Republicans should subpoena the audits to rub their nose in it and keep exposing the lie,” he added.
Internal Revenue Service (IRS) Commissioner Danny Werfel announced the agency hired 3,700 new employees to audit wealthy taxpayers.
“These new employees will be focused on higher-income and complex tax areas like partnerships, not average taxpayers making less than $400,000,” Werfel said.
Since 1976, anyone earning $200,000 or more is categorized as high-income.
“It [the IRS] asserted that a static and overly proscriptive definition of high-income taxpayers for purposes of focusing on income levels above which taxpayers have unique and varied opportunities for tax would serve to deprive the IRS of the agility to address emerging issues and trends,” says the internal watchdog, which released its findings on Aug. 31.
The TIGTA report says when the definition of the high-income threshold is still $200,000, which means more audits of a wider group of people.
“Currently, the high-income terminology is being used loosely inside the IRS with no common understanding of what the term means,” the inspector general report says. (Trending: Trump Makes The Biggest Promise Of His Political Career)
“At a minimum, the IRS should accept the Treasury Secretary’s $400,000 directive as the new high-income floor on which IRS leadership can focus enforcement efforts.”
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