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jimfields33

(16,433 posts)

11. Here's what I found. More hard numbers. sorry it old numbers but probably pretty close to 2024 numbers

Reply to twodogsbarking (Reply #10)

Thu May 2, 2024, 04:04 PM

May 2

Here's the most eye-opening statistic. Some 23,456 U.S. households reported income of $10 million or more last year (that is, for the 2018 tax year), averaging more than $26 million each in taxable income. The IRS audited seven of them. That comes to less than three-hundredths of a percent.

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IRS plans to increase audit rates of wealthy taxpayers by 50% [View all] BumRushDaShow May 2 OP

Good move. What kind of popcorn is best for a shitstorm? LOL I can't wait to see millionaires in suits brewens May 2 #1

For the majority, they will owe unless it's totally egregious. jimfields33 May 2 #3

Then the IRS needs to do some training. Think. Again. May 2 #5

Fifty percent is not a number. It could be thousands or just one. twodogsbarking May 2 #2

It said going from 11% to 16.5% of the wealthy tax payers. jimfields33 May 2 #4

This message was self-deleted by its author Think. Again. May 2 #6

How many? One, two or a million? twodogsbarking May 2 #10

Here's what I found. More hard numbers. sorry it old numbers but probably pretty close to 2024 numbers jimfields33 May 2 #11

Thanks for the actual numbers. Was 7 now 11. twodogsbarking May 2 #18

Yieks. That does put this whole thing jimfields33 May 2 #21

At least someone gets it. Thanks. twodogsbarking May 3 #25

My pleasure. Have a great day! jimfields33 May 3 #28

How about... Think. Again. May 2 #7

That leaves TSF in the clear ..... Traurigkeit May 2 #8

I can't express how much NanaCat May 2 #9

Gawbless those IRS agents! mpcamb May 2 #22

My initial reaction to the article's title was, why announce this increased auditing and alert the tax cheats? alwaysinasnit May 2 #12

The point is to get the money. If an announcement scares them into paying, it saves the taxpayers a lot of Martin68 May 2 #14

Excellent news! Martin68 May 2 #13

This seems like something a majority of Americans would support BaronChocula May 2 #15

good news. go get em. AllaN01Bear May 2 #16

Republicans say the IRS wants to target small businesses and the middle class? patphil May 2 #17

It depends on funding. If IRS is underfunded, SupportSanity May 2 #19

"So, if you're president of the USA and your friends are influential billionaires, cutting BumRushDaShow May 2 #20

This should easily pay for itself TexasBushwhacker May 2 #23

Good!!! LeftInTX May 3 #24

Can we not do this or announce this until after the election Mr. Sparkle May 3 #26

Yea? Well lets see how long that lasts. Chainfire May 3 #27

So the IRS will now audit 3 rich people / year instead of 2? -misanthroptimist May 3 #29

Actually 11 rather than 7. No shit. twodogsbarking May 3 #30