4-20 All day, baby...all day long.
Burn it if you got it.
A federal-worker union is fighting bipartisan plans that would require the Treasury Department to contract with private collection agencies to pursue tax debts that the Internal Revenue Service is not addressing.
The National Treasury Employees Union said in a statement on Monday that a similar effort between 2006 and 2009 caused the government to miss out on millions of dollars in potential revenue while paying $102 million to cover administrative and commission costs.
A report last year from the nonpartisan Taxpayer Advocate Service said the IRS collected about 62 percent more than corporate firms during the first two years of the previous program. Private collectors brought in $86 million, compared to $139 million for the IRS.
The Great Recession led to large increases in unemployment rates and unemployment durations for workers of all ages, but durations rose far more for older workers than for younger workers. This difference was apparent both during and after the recession, fueling speculation that age discrimination played a role. Research indicates that in states with stronger age discrimination protections, older-worker unemployment durations increased more relative to increases for younger workers. This suggests that state age discrimination laws may need to be modified to strengthen protections during downturns.
Conclusion and interpretationThese results provide very little evidence that stronger state age discrimination protections helped older workers weather the Great Recession. In fact, the opposite may have occurred, with older workers bearing more of the brunt of the Great Recession in states with stronger age discrimination protections.