BUSINESS

IRS furloughs to cost $61,000 per employee

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Planned furloughs at several federal agencies, including the Internal Revenue Service, are supposed to save the government money as the pinch from sequestration sets in. However, that's not the case, according to Federal News Radio.

And at the IRS, specifically, it's costing way more per employee to cut days than they're saving.

Federal News Radio reports that at the IRS, the furlough of one employee, while saving $1,800 in salary cost, costs the Treasury Department $61,000. As earlier reported, the IRS plans to furlough each of its 90,000 employees for five days this summer.

The stats come as other agencies, including the Federal Aviation Administration, have cut their plans for furloughs.

READ MORE at federalnewsradio.com.

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