DOGE plans to cut IRS staff by 20%, aims to overhaul tax system.

From CoinTelegraph. March 13, 2025 5:10:00 pm:

The Department of Government Efficiency (DOGE) plans to cut the Internal Revenue Service’s workforce by 20%, impacting 6,800 employees and 6,700 probationary workers. President Trump aims to overhaul the tax system by possibly eliminating federal income tax and relying solely on tariffs on foreign goods for funding.

DOGE, led by Elon Musk, seeks to slash the $36 trillion US national debt by downsizing the federal bureaucracy. The Securities and Exchange Commission (SEC) is cutting regional office directors to comply with cost-saving directives. Trump and Musk contemplate passing on 20% of DOGE savings to Americans.

Research suggests Trump’s tax plan could save the average American $134,809 in their lifetime, with potential savings up to $325,561 if state-level wage-based taxes are also repealed. However, Senator Elizabeth Warren criticizes DOGE’s cost-cutting methods and proposes increasing taxes and federal spending for more efficiency.

Read more at CoinTelegraph: DOGE proposes slashing Internal Revenue Service staff by 20%