Part 2/12:
At the heart of this transformation is the alarming state of the Internal Revenue Service (IRS). Historically the backbone of federal revenue collection, the IRS is unraveling from within. Recent internal data reveal a 34% decrease in enforcement staffing—a staggering exodus of personnel that cripples its ability to effectively audit and enforce tax compliance. Currently, the IRS audits only 38% of all tax revenue, a record low that signifies a significant weakening of enforcement capabilities.