Well, how wide a range of income do you consider middle class then?
It’s location dependent.
It has been stated over and over the reason for so few audits on rich people is lack of the needed resources, an obviously deliberate tactic.Middle-class earners are the most targeted group for IRS audits — how to prepare if an auditor comes knocking
Know your rights — and how to spot when something's wrong, too.finance.yahoo.com
Middle-class earners are the most targeted group for IRS audits — how to prepare if an auditor comes knocking
you thought President Joe Biden’s mandate that the Internal Revenue Service audit more ultra wealthy and fewer middle-class filers is in full swing, guess again.
In fact, 63% of new audits as of Summer 2023 targeted taxpayers with income of less than $200,000, according to figures compiled by The Wall Street Journal’s editorial board, which then dubbed the $200,000 man the “IRS’s most wanted.”
The agency’s laggard performance was documented in March in a 43-page report by the U.S. Treasury Inspector General for Tax Administration (TIGTA). As of last year, the IRS had a strategic operating plan to overhaul its auditing structure and “deliver transformational change for taxpayers.” But of the 58 milestones set for Fiscal Year 2023, “IRS management identified that [it] completed 19,” or just 33%. Nor does it know how or when it will finish.
Imagine that: paying a third of your taxes late and giving the taxman no idea when you’ll fork over the rest. But though the IRS is way behind on its checklist in a way it wouldn’t tolerate among late tax filers, its audits are right on schedule. Call it efficiency in action, even if it is the wrong kind.
A deeper dig (you know, the kind auditors like) adds context to the picture. The Transactional Records Access Clearinghouse, a non-partisan data research center out of Syracuse University, reports that those making up to $200,000 annually were the most audited by IRS (67%).
Meanwhile, IRS numbers for pursuing the ultra wealthy look abysmal. The TIGTA report confirms that “the first wave of revenue agents and specialists for large corporations, large partnerships, high-income and high wealth individuals … have yet to be hired and onboarded.”
The IRS audits middle class and poor people more than the wealthy. The rich have the money and resources to handle audits while the middle class and poor do not.
So they needed 80,000 new agents to go after the 10,000 millionaires in America?
Middle-class earners are the most targeted group for IRS audits — how to prepare if an auditor comes knocking
Know your rights — and how to spot when something's wrong, too.
Middle-class earners are the most targeted group for IRS audits — how to prepare if an auditor comes knocking
you thought President Joe Biden’s mandate that the Internal Revenue Service audit more ultra wealthy and fewer middle-class filers is in full swing, guess again.
In fact, 63% of new audits as of Summer 2023 targeted taxpayers with income of less than $200,000, according to figures compiled by The Wall Street Journal’s editorial board, which then dubbed the $200,000 man the “IRS’s most wanted.”
The agency’s laggard performance was documented in March in a 43-page report by the U.S. Treasury Inspector General for Tax Administration (TIGTA). As of last year, the IRS had a strategic operating plan to overhaul its auditing structure and “deliver transformational change for taxpayers.” But of the 58 milestones set for Fiscal Year 2023, “IRS management identified that [it] completed 19,” or just 33%. Nor does it know how or when it will finish.
Imagine that: paying a third of your taxes late and giving the taxman no idea when you’ll fork over the rest. But though the IRS is way behind on its checklist in a way it wouldn’t tolerate among late tax filers, its audits are right on schedule. Call it efficiency in action, even if it is the wrong kind.
A deeper dig (you know, the kind auditors like) adds context to the picture. The Transactional Records Access Clearinghouse, a non-partisan data research center out of Syracuse University, reports that those making up to $200,000 annually were the most audited by IRS (67%).
Meanwhile, IRS numbers for pursuing the ultra wealthy look abysmal. The TIGTA report confirms that “the first wave of revenue agents and specialists for large corporations, large partnerships, high-income and high wealth individuals … have yet to be hired and onboarded.”
The IRS audits middle class and poor people more than the wealthy. The rich have the money and resources to handle audits while the middle class and poor do not.
lol I said they don't have the resources to go after the biggest whales; that's why. So they go after lower hanging fruit. What's so hard to understand?
Quit lying
I believe you're intentionally omitting the part(or you're just slow. 50/50 chance) where Biden beefed up the IRS to have the resources to go after the rich. Like, that was the whole point of him adding tens of thousands of more agents.
37% of new audits went against people making more than 200k, or 400k for a married couple?
And 63% were for under 200k. Exactly as I stated.
100% this.
