If a retailer cracks down on shoplifting, are they raising prices? I guess that's sort of technically true.

Gawd, how stupid. Enforcing tax law on cheats is not a tax increase, but the simple minded MAGA crowd will still spew it.

Tyler, Ted Cruz, and Marjorie Taylor Greene were also pushing the 87,000 new agents lie even though it has been proven false.

https://apnews.com/...3a04584371843234cab7

The inverse is actually true since lower COGS.

However depending on the jurisdiction shoplifting isn't prosecuted

?? Shoplifting lowers revenue not COGS.

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"Are you sure we're going fast enough?" - Emil Zatopek

Don’t confuse the fellow.

It's not unlike republicans claiming democrats are cutting medicare because negotiating drug prices will reduce costs. It's been know for years that increasing the IRS budget will be a net $ win but the IRS is one more agency republicans want to eliminate.

Isn't losses part of COGS? Shoplifting is no different than breakage?

When I said, "prices", I was referring to what the consumer is paying for the product. If they buy it instead of steal it, the price they pay has been raised.

It's a stupid argument, but technically true.

Try that before a judge:)

Unfortunately, upon further review, I think you're half-right. At the risk of embarrassing myself twice I think it actually does go to COGS but the impact depends on whether you choose to take it off beginning or ending inventory - the former = lower COGS, the latter = higher COGS.

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"Are you sure we're going fast enough?" - Emil Zatopek

I see that as a win for everybody

So the powerful can reap that much more. You think those folks storming the Capitol were in the high income tax brackets?

The vast majority of the people storming the capital were people with wheels on their house.

Shoplifting is alternative buying.

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I'm beginning to think that we are much more fucked than I thought.

Yeah doubling the number of agents after having to walk back this " The Internal Revenue Service (IRS) removed the requirement that special-agent applicants carry firearms and "be willing to use deadly force" from a job listing." The history of political targeting. The cost and disruption to a business and the fear of targeting that can destroy a business or organization that are working on the margins month to month. Nothing to be to be considered about.

I'm confused by your post. Removing the requirement for the tax man to be prepared to kill someone is a bad thing and is also somehow related to the targeted destruction of struggling businesses? Said destruction in an unspecified manner, since businesses that are operating within the law, even if audited, don't really have anything to worry about. Unless you're suggesting that they're gonna start shutting down law abiding businesses?

Help me out here.

ETA I purposefully glossed over the first part but in the interest of not perpetuating myths I'll just leave this here.
https://time.com/...nts-factcheck-biden/

Unfortunately tax recording is pain in arse. Hope they carve out some money for ombudsman types to prevent political or overly punitive examination of low to moderate income taxpayers, corporate or individual. Go after big money tax cheats. Wisselberg, trumps accountant, should be in jail for instance. He knew he was getting compensation not taxed.

This is a lie

It is. But what if it wasn't? Are we supposed to allow people to cheat on their taxes while honest people pony up? I'm having a real hard time understanding this one.

And this is example #4957 of showing people how the whole basis for their outrage and beliefs is a lie and yet they continue with the outrage and believing the same things. Drives me nuts. (maybe I should put this in the how angry do you get thread)

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I'm beginning to think that we are much more fucked than I thought.

They literally want to defund law enforcement. I'm sure this is somehow different than what they've been bitching about for 2 years.

Low to moderate income Repubs are dumarses to follow Repubs policy, where their bosses and investors passively earn larger rewards. Add carried interest, what a scam. How that female for Arizona justiesv5his is hard to believe. Guess a bunch of retirees will boot her.

Yup.

Of course the folks who spent the last couple of years spewing the lie that the DNC wants to "Defund the police!" are silent today. They will be silent tomorrow. They will never question the cult.

Are you a small business owner? Do you have any understanding of the cost and time of going through an audit if you are not a W2 kinda guy, and the threat of the State and burying you with the power to crush you?