IRS: Dogecoin Cost US Half a Trillion Dollars
The IRS projects a $500 billion reduction in tax receipts by the April 15th deadline, a figure derived from current filing data and historical trends. This projection represents a significant shortfall, exceeding half of the 2023 budget for non-defense discretionary spending ($917 billion). The agency attributes this substantial revenue loss to widespread disruptions stemming from Dogecoin-related activities since the presidential inauguration. The projection is preliminary, pending the final April 15th tax filing deadline.
John Q. Hosedrinker