• CAPSLOCKFTW@lemmy.ml
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      1 year ago

      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.

      • Snipe_AT@lemmy.atay.dev
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        1 year ago

        Just wanted to point out that the IRS 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.

        source: https://www.gao.gov/assets/730/720478.txt

        edit: pulled another GAO report bolstering my argument:

        From a report on 2019 data:

        “Although audit rates decreased more for higher-income taxpayers, IRS generally audited them at higher rates compared to lower-income taxpayers, as shown in the figure. However, the audit rate for lower-income taxpayers claiming the Earned Income Tax Credit (EITC) was higher than average. IRS officials explained that EITC audits require relatively few resources and prevent ineligible taxpayers from receiving the EITC.”

        source: https://www.gao.gov/products/gao-22-104960


        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.

        • Bonehead@kbin.social
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          1 year ago

          Just wanted to point out that the audit rates for the rich are higher than normal people.

          As it should be. The problem is that the rate should be 10 times higher than it currently is.

        • BeegYoshi@lemm.ee
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          1 year ago

          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

          • Snipe_AT@lemmy.atay.dev
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            1 year ago

            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.

            • BeegYoshi@lemm.ee
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              1 year ago

              I never said to ignore it for low income taxpayers, but the statistic you provided is incredibly misleading. Plus the IRS would recoup far more money by auditing higher income taxpayers at much greater rates.

              • Snipe_AT@lemmy.atay.dev
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                1 year ago

                edit: you are right about my assumption on ignoring the taxpayer, that was another person’s comment that I confused with yours, my apologies.

                How is it misleading? It’s an incredibly simple statement that the rich are audited at a higher rate than the average person isn’t it? I didn’t say that more wealthy are audited than the common folk because it seems common sense that due to large disparity in population (common vs wealthy), that of course there are more common people audited than wealthy. I’m simply pointing out that this guys statement is incorrect, misleading, and intended to incite anger.

                “the IRS has not enough staff to investigatevif rich people pay their fair share, therefore they go mostly for normal people.”


                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.