OT Why does the IRS need $80 billion? Just look at its cafeteria.

These new tax auditors will hit the small evaders because they know collectively it ads up to a significant amount and without much of a fight.
They will be on power trips like many were during depression going after people homes and such. But going after the wealthy isnt as easy and many are to0 politically connected.
Between the CIA, FBI & IRS they should go after those laundering drug money and cartels both outside and inside the country.

 

Oh, why dont we go after all the fentanyl that generates billions at the cost of young people lives and really a cancer more detrimental than busting some for tax evasion.
Where is the fucking priorities ,not addressing the biggest issue facing us as a society sickens me personally.

 

Ok

 

Do you have a graph for under 1mill? That would be needed in comparison, to validate your point. Have those also dropped? If so, then there hasn't been a drop in the way you are suggesting.

I could be totally wrong, but i bet that the total revenue loss accumulated by intentional or unintentional, innacurate filings of the middle class, is larger than the loss from the millionaires and above. This could be another potential reason for their focus if the other graph shows no decline in audits.

 

While I agree with you that the homeless, drugs, and Trumpeteers are some of the biggest problems, the IRS has been ravaged over the last decade and badly need to be modernized. They collect the money to be able do a lot of things that we do as a country and therefore they need to be supported, not shit on like the Republicans have been doing for years.

 

My point wasn't that it had dropped more than others. Just that it had dropped among millionaires since 2016.

And I posted a link showing millionaires and above hide 20% if their holdings from the IRS.

Nobody else has enough holdings to do that, so that's obviously the chunk that should be getting most of our increased attention.

Keep in mind the wealthiest 1% earn about $588k

Accounting for that 20% would boost the treasury by $175b per year.

https://fortune-com.cdn.ampproject....lever-ways-to-hide-their-wealth-from-the-irs/

 

But if under 1 mill is dropping too, then it isn't as what seemed to be portrayed by your post, in that the irs is focused more on the middle class. To show that, you would have to show a graph without a decline on the middle class, that indicates the irs is indeed focusing on the middle class more.

I am not debating the rich should be audited more. It just seemed to read as though you think the irs is intentionally targeting the middle class more. If so, Im saying you would need another graph to show that is all.

 

Pretty sure I posted a link showing the IRS targets the poor far more than the wealthy.

Here is another.

https://trac.syr.edu/tracirs/latest/682/

 

Did you miss this one?

https://www.irs.gov/about-irs/irs-audit-rates-significantly-increase-as-income-rises

 

If you did, i missed it. My apologies.

 

The only problem i see with that is its the irs’s own website stating this.

 

Why would they post bad data on their website? They aren't going to make numbers up and post them. That could get them in deep trouble.

 

Here is some random website..

https://www.nolo.com/legal-encyclopedia/what-are-the-odds-being-audited.html

 

Since their are far more people in the $0-$25k group than the wealthy the IRS is spending far too much on the wrong group...

That's a problem IMO. I'd suggest streamlining the process so that it's very rarely needed and we can focus our resources on getting the real money the wealthy owe us.

https://www.warren.senate.gov/overs...geting-of-low-income-americans-for-tax-audits

https://trac.syr.edu/tracirs/latest/679/

 

Get rid of the EITC credit and that number would plummet. However, you would have to find another avenue to give these low income folks this money.

https://www.irs.gov/about-irs/irs-audit-rates-significantly-increase-as-income-rises

 

You streamline the process and still give them money.

 

To be honest it is not very complex.

5 Common Errors You Need to Avoid

• Your Child Doesn’t Qualify
• More than One Person Claimed the Child
• Social Security Number or Last Name Don’t Match
• Married or Filed as Single Head of Household
• Over or Underreporting Your Income or Expenses

https://www.irs.gov/credits-deducti...-errors-for-the-earned-income-tax-credit-eitc

 

Shouldn't be too difficult to streamline then.