<p>Tesla and SpaceX CEO <a href="http://dailywire.com/topic/elon-musk">Elon Musk</a> poked <a href="http://dailywire.com/topic/memes">fun</a> at his fellow Americans on Thursday for allowing the Internal Revenue Service (<a href="http://dailywire.com/topic/irs">IRS</a>) to more than double in size.</p>
<p>Musk posted a meme depicting a laughing British redcoat, along with the caption: “when the country that revolted over taxes hires 87,000 new IRS agents.”</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="pt" dir="ltr">Fate 🖤 Irony <a href="https://t.co/RHZ9BEws7k">pic.twitter.com/RHZ9BEws7k</a></p>
<p>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1557759290219171841?ref_src=twsrc%5Etfw">August 11, 2022</a></p></blockquote>
<p>Musk, a South African who lived in Canada before becoming an American citizen, told a user that he already gets “audited every year by default.”</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">True. I already get audited every year by default.</p>
<p>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1557761535979638784?ref_src=twsrc%5Etfw">August 11, 2022</a></p></blockquote>
<p>Indeed, top Biden administration officials — including Treasury Secretary Janet Yellen and IRS Commissioner Charles Rettig — have argued that the 87,000 new employees, who will be hired through an $80 billion carveout from the $740 billion Inflation Reduction Act, will focus primarily upon wealthy Americans. The IRS employed nearly 79,000 full-time employees as of fiscal year 2021, according to the <a href="https://www.irs.gov/statistics/irs-budget-and-workforce">agency</a>, which also reported $13.7 billion in operating costs.</p>
<p>“I direct that any additional resources — including any new personnel or auditors that are hired — shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels,” Yellen <a href="https://www.dailywire.com/news/janet-yellen-vows-irs-audits-wont-rise-for-middle-income-americans-but-theres-a-catch">told</a> Rettig in a Wednesday letter. “This means that, contrary to the misinformation from opponents of this legislation, small business or households earning $400,000 per year or less will not see an increase in the chances that they are audited.”</p>
<p>Yellen did not mention, however, that “historical levels” of audits were significantly higher as recently as one decade ago. According to a report from the <a href="https://www.gao.gov/assets/gao-22-104960.pdf">Government Accountability Office</a>, audit rates for Americans earning between $25,000 to $200,000 fell 76% between 2010 and 2019, while those earning less than $25,000 saw audit rates fall by 61%. Taxpayers earning between $200,000 and $500,000 — representing those at the upper end of the Biden administration’s vow to not raise taxes for those earning less than $400,000 — saw a 92% decline in audits.</p>
<p>The report added that IRS officials “attributed the overall decline in audit rates to decreased funding, and therefore reduced staffing to conduct audits” — constraints which are directly addressed by the Inflation Reduction Act. The agency’s job <a href="https://www.dailywire.com/news/guns-body-armor-spy-gear-heres-what-bidens-beefed-up-irs-investigation-unit-will-pack">description</a> for new agents says that employees must “carry a firearm and be willing to use deadly force, if necessary.”</p>
<p>Yet Rettig vowed that his agency will “absolutely not” use its new employees to target middle-class Americans and small businesses. Instead, he <a href="https://www.dailywire.com/news/irs-we-will-absolutely-not-target-everyday-americans-with-new-army-of-agents">promised</a> that the new funding will create better information technology systems that will help Americans more easily comply with tax laws.</p>
<p>For his part, Musk has repeatedly warned about the dangers of unsustainable fiscal habits. “True national debt, including unfunded entitlements, is at least $60 trillion — roughly three times the size of the entire US economy,” he <a href="https://www.dailywire.com/news/something-has-got-to-give-elon-musk-issues-dire-warning-about-national-debt">commented</a> on social media earlier this year. “Something has got to give.”</p>
<p>Even as several left-wing lawmakers — such as Sen. Elizabeth Warren (D-MA) and Rep. Pramila Jayapal (D-WA) — accused Musk of “freeloading off everyone else” and failing to pay his “fair share,” the entrepreneur <a href="https://www.dailywire.com/news/pramila-jayapal-reacts-to-elon-musk-paying-11-billion-in-taxes-by-asking-rich-to-pay-their-fair-share">revealed</a> that he paid $11 billion in taxes last year.</p>
<p>“And if you opened your eyes for 2 seconds, you would realize I will pay more taxes than any American in history this year,” Musk <a href="https://www.dailywire.com/news/i-will-pay-more-taxes-than-any-american-in-history-this-year-elon-musk-obliterates-elizabeth-warren-with-one-tweet">retorted</a>. “Don’t spend it all at once … oh wait you did already.”</p>

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Elon Musk Weighs In On IRS Preparing To Hire Army Of Agents