Sen. Elizabeth Warren (D-MA) tried to brag about the IRS stealing collecting $1 billion in back taxes from those evil wealthy people.
Well, buried in the same article…
At least two-thirds of the 2023 audits started by the IRS targeted those making less than $200,000:
Demian Brady, vice president of research for the National Taxpayers Union Foundation — says the IRS still targets non-high-wealth partnerships for audits.“It should also be noted that nearly two-thirds of audits initiated in 2023 were on those making less than $200,000,” Brady said.
The Wall Street Journal’s editorial board brought the stat to life in April.
The IRS cannot stop going after the middle class:
The most recent data suggests the IRS is still focused on the middle class. As of last summer, 63% of new audits targeted taxpayers with income of less than $200,000. Only a small overall share reached the very highest earners, while 80% of audits covered filers earning less than $1 million. Don’t forget to save those charitable-giving receipts.Sluggish hiring might explain the slow shift. To its credit, the IRS never claimed it would decrease its middle-class audits, only that audits on higher-earners would become a majority. A fleet of new agents were supposed to turn their sights on rich tax dodgers. But apparently the job is in scarce demand.
It’s important that the IRS never made a claim to lower audits on the middle class.
Yet, it promised to increase audits on the wealthy.
Well, when will that happen? It has a long ways to go!
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