That saying is as washed up as “fraud waste and abuse.”
Relax, Everything is Going to be Okay!
- Thread starter dranrab
- Start date
That saying is as washed up as “fraud waste and abuse.”
SAJ-99
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noharleyyet
Well-known member
Have any of you suffered any negative consequences yet? My tax return took about 10 days this year. My first SS payment went without a hitch. My government OPM stuff was completed in about 3 months. They tell you when you retire that it may take 6 months. My mailman is still an idiot alcoholic.
I have learned that some people look for and fabricate reasons to worry and complain. I have also learned that some tend to be inherently happy and optimistic. There seems to be a correlation between this and political affiliation.Okay everyone, let's take stock on what we've gained opening, reading, and posting in this thread?
Tune in as I'm sure to join later and open, read, and post again with the same fellas.
Carnage2011
Well-known member
Yep I have. Been trying to get a drone registered. Prior to Elon cutting people it was schedule to be completed the last week of Feb. Now it’s scheduled for late April/early May.
Nah, simply an inverse depending on the color of toilet paper used in the Oval lavatory.
Anterograde amnesia is an American specialty.
Bonasababy
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Multiple threads full of impacts including direct impacts.
The impacts of cuts and funding loss takes a while to show up. Since you mentioned your tax return...
How DOGE’s Cuts to the IRS Threaten to Cost More Than DOGE Will Ever Save
The Trump administration claims gutting federal agencies will save money, but cutting the IRS means the government collects less taxes. “If you’re interested in the deficit and curbing it, why would you cut back on the revenue side?” one expert asks.
Economic studies have shown that for every dollar spent by the IRS, the agency returns between $5 and $12, depending on how much income the taxpayer declared. A 2024 report by the nonpartisan Government Accountability Office found that the IRS found savings of $13,000 for every additional hour spent auditing the tax returns of very wealthy taxpayers — a return on investment that “would leave Wall Street hedge fund managers drooling,” in the words of the Institute on Taxation and Economic Policy.
The current engineer told ProPublica that they estimated their team of less than 10 people had brought in $5 billion in adjusted tax returns over the past four years. (By contrast, a Wall Street Journal analysis published on Feb. 22 found that DOGE had found savings of $2.6 billion over the next year, far less than the $55 billion claimed by DOGE itself.)
The result, employees and experts said, will mean corporations and wealthy individuals face far less scrutiny when they file their tax returns, leading to more risk-taking and less money flowing into the U.S. treasury.
“Large businesses and higher-wealth individuals are where you have the most sophisticated taxpayers and the most sophisticated tax preparers and lawyers who are attuned to pushing the envelope as much as they can,” said Koskinen, the former IRS commissioner. “When those audits stop because there isn't anybody to do them, people will say, ‘Hey, I did that last year, I'll do it again this year.’”
“When you hamstring the IRS,” Koskinen added. “it’s just a tax cut for tax cheats.”
Transparency Hawks: IRS Cuts Will Worsen Tax Evasion, Compliance Gaps
Recent and possible upcoming reductions in force at the IRS by the Trump administration undermine progress made across various compliance …
tax.thomsonreuters.com
“Working class, middle class” taxpayers will feel the “impact of these cuts,” said Gary. This will come in both the “quality of service that they can expect to receive, and the fact that they will be providing disproportionately more of the revenue for the operation of the federal government than rich taxpayers and corporations.”
Bonasababy
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Carnage2011
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He’s asking if anyone on this forum has seen direct impacts. Not your daily post of what impacts “could” be felt.
SAJ-99
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My retirement portfolio has seen an impact.
Bonasababy
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As has mine...and as the youtube link I posted discusses--and multiple sources also discuss--I am really worried about social security. Number one how long it will take me to get in and get it started, number two whether I will get it when I need it or if it will be delayed by months which has a huge impact on our finances.
I know a farmer who has told me they are angry as the cuts to USAID which they had been selling a good part of their crop to is not just weakening that that market is GONE.
I know folks on our iron range who are telling me the decision just the other day to lay off 600 mine workers--due to lowered demands for steel from auto makers--due to the tariff wars--is killing their communities.
The list of impacts to the federal natural resource agencies I know about and impact me and my work is too long to list.
First it was there won't be any harm. Then it was show me where the harm is. When that is shown it changes to has it directly impacted you.
See the pattern there?
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BrentD
Well-known member
The economy is killing the housing market right now. Sadly, I have to sell a home.
Just trying to get it registered with a number with the FAA?
I haven’t bought a new one since the new system went in place but it used to be almost instant
The housing market where? Not where I am. And I bet when the insurance companies have to get claims in California sorted out, we will see another wave. mtmuley
Bonasababy
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Its actually a very recent change from what I hear from a local realtor. The market is decent--but buyers suddenly aren't wanting to move or are not wanting to sell as they are worried about being able to find and afford their next place. Not hard to see why. The prospect of job loss from all the actions of the administration shuts down a lot of purchasing desire, and the prospect of interest rate increases and fewer buyers has people wanting to stay in their homes until things shake out.
Realty markets like stock markets are hurt by uncertainty and fear of what's coming.
I'm in Montana. Things may have slowed in lower end homes. Maybe but I doubt it. Upper end? No. mtmuley
cgasner1
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Personally I could care less if the real estate market takes a hit. Would be nice to see more people be able to afford them. Considering how high the market is now compared to 5 years ago let it drop
You think that will really happen here? I'm talking Montana specifically. We have been " discovered". I feel bad for young kids here that want to stay. A shitbox apartment is 1500 a month. mtmuley
