August 11, 2022
A slightly optimistic take on all those new IRS agents
By Frank Friday
One of the most famous grievances the Founding Fathers enumerated in the Declaration of Independence was this: "he has erected a multitude of new offices, and sent hither swarms of officers to harass our people, and eat out their substance."
Joe Biden and Chuck Schumer, more fans of King George than George Washington, are looking to do the same thing today, with their recent IRS expansion in the reconciliation bill.
Oh, boy — another 87,000 IRS agents with more power than the FBI, to harass small business, gig workers, and anybody else the Deep State may enjoy tormenting.
But I am more than a bit skeptical that this will all actually come to its intended poisonous conclusion.
First, the IRS cannot just hire anybody. Applicants need to have an extensive accounting background. Not all of them need to be a CPA, but most real accountants do wind up with this credential. Consider that fewer than 95,000 take the CPA test each year, and maybe 45,000 actually pass. Almost all of them already have good jobs in the private sector. Just finding qualified new IRS employees is going to take several years — at a time when fewer young people are entering the profession because it is difficult to begin with.
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