Shame about how those CEOs just get bonuses all the time. Fortunately government is nothing like that. You can choose to do business with a company and see your income go toward its bonuses. You can’t choose to do business with the IRS.
In Soviet America, the IRS chooses to do business with you. And uses the loot to give itself more bonuses.
There is a new report by the Washington Examiner claiming IRS Director of Exempt Organizations Lois Lerner took home tens of thousands of dollars in bonuses, and she is not alone. Nearly $100 million went toward agency bonuses since 2009 during the period when the IRS was targeting conservative groups, according to the report.
Much of the cash went, predictably enough, to management, just like in the private sector. Because government is like the worst private sector monopoly without the competition or any incentive to turn a profit.
The average annual salary of the employees receiving at least one bonus during the four-year period between 2009 and 2012 was slightly less than $94,000, indicating that the extra tax dollars mostly went to managers and executives eligible for performance-based incentives.
The IRS’s overall workforce includes more than 97,000 employees. The agency also withheld the names of an unknown number of IRS law enforcement officials who received bonuses, though it did release the amounts of the bonuses paid to them.
The largest individual bonus was for former IRS Commissioner Richard E. Byrd for $60,270.
On Wednesday, The Washington Examiner reported that Lois Lerner, the IRS executive who made public her agency’s improperly singling out of conservative Tea Party groups seeking non-profit exemptions was given more than $42,000 in bonuses during the four years.
Thank goodness we have the government to protect us from the corrupt cronyism and abuses of the private sector.