IRS continues to audit poorest families more heavily

[ck4829]

The Internal Revenue Service has been auditing the poorest wage earners more than higher-earning taxpayers, according to an updated report.

The report, from Syracuse University’s Transactional Records Access Clearinghouse, or TRAC, follows up on a report released earlier this month that covered IRS statistics through the end of last year. It found that low-income workers earning less than $25,000 in total gross receipts were being audited at a rate five times higher than everybody else in fiscal year 2021. The latest report examined IRS tax audits through the end of February. It found the IRS has completed 132,922 audits of low-income wage earners with less than $25,000 in total gross receipts, up from 105,978 audits completed by the IRS a year ago at the end of February 2021.

The report notes that if the IRS continues at this same pace for the rest of this fiscal year, audit rates would inch up to 13.5 per 1000 returns, or slightly higher than the phenomenally high rates last year.

https://www.accountingtoday.com/news/irs-continues-to-audit-poorest-families-more-heavily-this-year

Meanwhile...

[Celerity]

1. Low hanging fruit, and it keeps the fear levels up for the masses.

Same as it ever was.

[EYESORE 9001]

2. They consider it a worthwhile endeavor

It keeps the hoi polloi fearful of the revenue police and therefore more likely to comply with the law. They know that coercing plutocrats into obeying the law is an exercise in futility.

[Ferrets are Cool]

3. We can't fight back

[ck4829]

4. We can't? I'm sad at that thought...

https://democraticunderground.com/?com=view_post&forum=1002&pid=16636521

[Ferrets are Cool]

5. Well, I'm saying the reason they come after us is because we are less likely to throw lawyers

at them.

[dalton99a]

6. The law only applies to the poor.

[FBaggins]

7. I don't think that we know whether this is true or not

There's sometimes a difference between someone's reported income on their tax returns and how much they actually make.

The question is what are the results of these audits?

[WhiskeyGrinder]

8. That's what enforcement tends to do; take the path of least resistance.

[Wanderlust988]

9. For some reason, Trump's guy is still the head of the IRS. What do you expect?

I don't understand why Biden and Yellen haven't asked for his resignation? I understand they have terms, but so do a lot of govt. heads that Biden has asked to step down or outright fired. Why would we expect a Trump guy to audit rich people?!