Enjoy Doing Your Taxes This Year, Because Next Year Will Be a Nightmare

Donald Trump's "skinny budget" puts the tax man on a diet, and that could put a dent in how much money Uncle Sam collects from individuals and businesses.

While it might be nice to have the (already slim) chance of getting audited even less likely, experts warn that anemic enforcement could have wide-ranging ripple effects on compliance and revenue. Although it's not a cut of the same magnitude as the 31 percent cut to the EPA, the 14 percent reduction proposed for the IRS in Trump's budget would necessitate a sharp cutback in enforcement and customer service.

"The IRS is heavily dependent on people… That means cutting some services," said Roberton Williams, a senior fellow at the Urban Brookings Tax Policy Center.

"It's penny-wise and pound-foolish," said Robert Weinberger, a senior fellow at the Aspen Institute's Initiative on Financial Security. "They'll lose billions in revenue in order to save a few hundred million dollars."

The IRS is one of the few government agencies that pays for itself; for every dollar of funding it receives, it contributes $4 to federal coffers.

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