IRS Layoffs: Trump Is Cutting 45,000 IRS Employees

"the IRS is drafting plans to cut as much as half of its 90,000 person Workforce"

"there's also a lot of changes being done by Doge the department of government efficiency to reduce some of the spending and waste that's being done by the government some of the ways that doge is doing this is by reducing Government funding other ways that doge is doing this is by laying people off and cutting departments"

"the goal looks like it is to cut taxes by around $4.5 trillion doar not over one year but over a number of years while also reducing the spending budget by around $2 trillion"

"because of the timing of these layoffs or potential layoffs it could increase the amount of time you potentially need not for sure but potentially need to get that IRS refund"

"our tax code taxes income differently and our tax code incentivizes people to become investors or some people like to say it punishes you for being an employee what I mean by that is if you earn your money as an employee versus earn your money as an investor the investor can make the same amount of money as the employee but pay less money in taxes legally when you earn your money from your Investments you get to qualify for lower tax rates or higher tax breaks when you earn your money as an employee you are getting what's called ordinary income or earned income it's the same thing but what that means is you are paying the highest tax rates and you get the lowest tax breaks"

"the fair tax act of 2025 was a bill proposed which would effectively abolish the IRS"