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Biden’s “IRS Footsoldiers” Are Targeting Your Retirement Savings
Protect and Grow Your Wealth with this
“Guerrilla Financial Tactic”
Armed officials coming to take your money sounds like something out of a sci-fi movie…
Yet with The Inflation Reduction Act, Biden is making it a reality.
He’s investing $80 billion into the IRS. This will allow them to hire 87,000 new agents1 and double in size.[2]
And, as their recruitment ads show, they’ll be armed with firearms and they’ll be expected to “use deadly force” if necessary.[3]
They’re like an army of tax ‘footsoldiers” who’ll be carrying out up to $200 billion worth of tax audits.[4]
The Biden administration said the legislation is aimed at “wealthy corporate tax cheats,” and small businesses or households that earn less than $400K a year will not be targeted.[5]
However, don’t be fooled by their words.
The facts are:
- There’s nothing in the act which states the audits will be limited to certain incomes.
- Democrats voted down an amendment submitted by Republicans to safeguard those who earn less.[6]
- According to nonpartisan watchdog the Joint Committee on Taxation, between 78% and 90% of the estimated extra $200 billion the IRS will collect will come from small businesses making less than $200,000 a year.[7]
It’s called the Inflation Reduction Act. However, the reality is, it’s going to increase inflation and make middle-class Americans poorer.[8]
Small business owners and middle-class individuals are easy targets for these IRS agents. Unlike the ultra-wealthy, they can’t hire lawyers to protect themselves.
Just 4% to 9% would come from businesses making over $500,000 a year.
“The IRS will have to target small and medium businesses because they won’t fight back,” Joe Hinchman, executive vice president at National Taxpayers Union Foundation, told The New York Post.[9]
Joe Biden Is Turning the American Retirement Dream into a Living Nightmare
The Inflation Reduction Act has dire consequences for retirees:
- The U.S. dollar will be weaker so your money will be worth less.
- Prices will go up so your lifestyle will suffer.
- The money you’ve spent decades saving will dwindle away in a few years.
42% of Americans are already struggling financially.[10]
Gas, heating, and air-conditioning prices are skyrocketing.
Now retired Americans will have to face higher taxes [11] and increasing tax audits.[12]
Retirees will be less able to enjoy their golden years by going on vacations or even eating out.
Protect Your Money with Guerrilla Financial Tactics
The system is too big to take on.
The only way to win is by taking advantage of little-known legislation.
Like a small occupied country defeats a more powerful oppressor…
You need Guerrilla Financial Tactics to fight back.
This is what Harvard-trained economic analyst Devlyn Steele shows you how to do in the “Inflation Fighter Kit” he’s put together.
The Inflation Fighter Kit
This FREE 28-page Gold IRA Guide shows you how to diversify $100,000+ IRAs/401(k)s using intel and tools that can help you hedge against inflation.
The guide contains a unique IRS loophole that lets you move your IRA, 401(k), pension, TSP, or savings account into certain tax-advantaged investments that could protect you from Joe’s plans to get all of your money his agents can get.
You can move your money 100% tax- and penalty-free too.
However, you must act FAST to Beat the Biden-Tax-Force.
The reprieve won’t last forever.
Legislators are working round the clock to make their plans airtight.
All the details are laid out for you in this FREE GUIDE to protecting your wealth and retirement savings.
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You won’t pay a dime to find out how you can protect yourself from Joe Biden’s tax plans FAST.
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Sources:
1- https://www.heritage.org/budget-and-spending/commentary/fact-checking-team-biden-who-those-87000-new-irs-agents-would-audit
2- source: IRS.gov, “IRS Budget & Workforce” (accessed 8/13/22).
3- https://www.foxbusiness.com/politics/irs-faces-online-uproar-special-agent-job-posting-requiring-ability-use-deadly-force-necessary
4- Source: Congressional Budget Office, “The Effects of Increased Funding for the IRS” (accessed 8/30/22).
5- source: WhiteHouse.gov, “Press Briefing by Press Secretary Karine Jean-Pierre” (August 9, 2022, accessed 8/13/22)
6- Source: Senate.gov, “Roll Call Vote 117th Congress – 2nd Session” (August 7, 2022, accessed 8/13/22).
7- https://nypost.com/2022/08/03/why-irs-80b-expansion-is-a-nightmare-for-small-business/
8- https://www.inquirer.com/opinion/commentary/inflation-reduction-act-energy-consequences-consumers-20220818.html
9- https://nypost.com/2022/08/03/why-irs-80b-expansion-is-a-nightmare-for-small-business/
10- https://www.businessinsider.com/almost-1-in-2-americans-struggling-financially-poll-finds-2022-7
11- https://www.wsj.com/articles/the-schumer-manchin-tax-increase-on-everyone-wages-manufacturers-jct-democrats-income-salaries-corporate-rate-11659300317
12- https://www.wsj.com/articles/the-irs-is-about-to-go-beast-mode-chuck-schumer-joe-manchin-audit-taxes-middle-class-joe-biden-11659477320
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