IRS scrambles to reverse dire statistics on plunging audits for millionaires, soaring reviews for Black Americans

2 comments

1. >The audit rate of millionaires fell by more than 70% from 2010 to 2019 and the rate on large corporations dropped by more than 50%.

   >The IRS plans to raise audit rates on companies with assets above $250 million to 22.6% in 2026, from an 8.8% rate in the tax year 2019. It also plans to increase audit rates by tenfold on large complex partnerships with assets over $10 million.

   Time to stoke hatred for the irs before it targets the wrong people.

   So many things we should be taxing, that are practically unavoidable and good for society in general. The whole thing is theater.

2. IRS should have a rule to spend 90% of their audit resources on 500k or above earners.