This podcast episode explores the recent significant funding increase of $80 billion allocated to the IRS by the Biden administration. The funding aims to improve customer service, hire more revenue agents, and enhance tax code enforcement. However, concerns have been raised about potential political abuse of the IRS, fueled by its history of being used as a weapon against political opponents. The podcast also delves into the challenges faced by the IRS in targeting wealthy individuals and large corporations for tax audits.
