All about translation gadgets and software.

Translation Gadgets

Translation Software







Baucus Warns that IRS Budget Cut May Cost Not Save

U.S. Senator Max Baucus (D-Mont.

), Ranking Member of the Senate Finance Committee, says that the 1% cut in the 2006 budget of the IRS will actually cost the U.S. Treasury $1 billion in lost tax collection.IRS Commissioner Mark Everson recently reported that the funding rescinded in last year's Defense appropriations bill could have provided for the closure of 88,000 additional collection cases and 25,000 by-mail audits.Baucus quotes a 2003 Government Accountability Office report that indicated that there would be substantial returns on the dollar for the kinds of enforcement activities that Everson reports have been cut from the budget for the year.

"At a time when the IRS is struggling to close the annual $345 billion tax gap, it's clear that the 2006 across-the-board budget cut is hamstringing their efforts even further," said Baucus."Commissioner Everson's estimates confirm that even small reductions in collection and taxpayer services are penny-wise and pound-foolish," he continued. "Sparing the IRS budget may be the best way to bring in more owed revenue and end deficit spending.".The IRS estimates that the direct return on each dollar of its budget is four to one. Phone calls to follow up on tax debts are estimated to return $13 dollars to every dollar spent.

Mail audits are estimated to return as much as 11 dollars for every dollar spent.Baucus says that when you use the overall rate of four to one return, this year's $100 million budget cut translates to a loss of $400 million. But using the estimates from the 2003 GAO report, he explains that the losses from the cut could reach $1 billion or more.

.Martin Lukac (http://www.MartinLukac.

com), represents and http://www.1AmericanFinancial.

com, a finance web-company specializing in real estate/mortgage market. We specialize in daily updates, rate predictions, mortgage rates and more. Find low home loan mortgage interest rates from hundreds of mortgage companies!.

By: Martin Lukac


Foot Fetish Why Some Men Find Boots and Shoes So Erotic - The treasured foot.

Postage Rates Increase - E-mail has replaced the need to send a letter through the regular mail.

Throwing Out Crazy Acronyms to Sound Smart - If you've spent any time online, whether emailing friends, posting on message boards, Instant Messaging co-workers, or chatting in online rooms, chances are you've learned your share of acronyms.

War on Mediocrity is Needed - United States has a war based economy in this is something that is historical.

Tips to Reduce Dating Stress and Enjoy Your MidLife Love Life - A new category of dating has emerged across the county ? mid-life dating.


ęCopyright 2024 Knowtypos Translation. All rights reserved.
Unauthorized duplication in part or whole strictly prohibited by international copyright law.