The IRS is chronically underfunded. They can’t keep the money, it goes to Aunt Sam.
And btw the IRS has not enough staff to investigatevif rich people pay their fair share, therefore they go mostly for normal people.
Just wanted to point out that the audit rates for the rich are higher than normal people.
[Jay McTigue:] Well, as I said, higher-income taxpayers are indeed being audited at a higher rate than lower-income taxpayers. In fact, the highest-income taxpayers, those making $5 million or more a year, right now are being audited at about 2.3%. Whereas on average the audit rate is less than 1% So there is still a focus on the higher-earning individuals.
the misleading thing about that statistic is that there are far, far fewer wealthy people than there are normal. even with the rate of audits technically being lower, the number of audits of normal people is still far, far greater, and is where the IRS’s focus truly is
my understanding is that the focus of the IRS should be on those that try to subvert paying their taxes, it seems that they believe there is an increased amount of those people in the wealthy category.
but it doesn’t make sense that they should ignore people trying to subvert taxes in the normal brackets does it? all that does is harm everyone else paying their fair share.
Please ignore my negative initial vote score, as I have the privilege of being bot-downvoted by CCP sympathizers because of comments on this post https://lemmy.world/post/2338419, there is also the possibility that I’m just an asshole.
