Posted on Sep 12, 2023
IRS plan to use AI may affect wealthy taxpayers. Here's how
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Posted 1 y ago
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If the Democrats would allow a change in the progressive tax code, this wouldn't be necessary. Flat tax everything. Everyone pays the same and eliminates the IRS completely. No more tax havens for the rich. Create a carve out for those that make less than some arbitrary amount to not soak the poor and run with it.
But instead, the lefties will use AI as a tool to target anyone who dares use the loopholes that they themselves created.
But instead, the lefties will use AI as a tool to target anyone who dares use the loopholes that they themselves created.
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The biggest challenges I see are the cost overruns and software that barely limps on. ML (machine learning) has been around for a decade or so. ML is just being rebranded as AI now that super large models are becoming somewhat stable. It's not new. The IRS was supposedly using ML years ago. The threat is more PR than reality. Which is sad. The ability to sort through 300 million individual tax returns as well as all the corporate tax returns should have been built a decade ago. The fact that they have to LIMIT it to <5% of all returns tells me they have no clue how to write, or use software.
Oh yeah - conservative pitch now - taxation is theft!
Oh yeah - conservative pitch now - taxation is theft!
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