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Started By
Message
63% of new IRS audits were on folks making less than $200K.
Posted on 5/10/24 at 9:19 am
Posted on 5/10/24 at 9:19 am
Posted on 5/10/24 at 9:23 am to Crimson Wraith
Of course they are. That's where the bulk of the income sits in the US; between $50k and $200k.
Posted on 5/10/24 at 9:28 am to Crimson Wraith
I’d rather see the money be spent on something other than a lot of new IRA salaries, but I’m not worried about being audited. Why are you?
Posted on 5/10/24 at 9:31 am to Crimson Wraith
easy solution, flat tax...
No Audits
No IRS Agents
Make the 47% of individuals who pay 0 dollars in federal taxes pay their fair share
No Audits
No IRS Agents
Make the 47% of individuals who pay 0 dollars in federal taxes pay their fair share
Posted on 5/10/24 at 9:31 am to Crimson Wraith
Listen, Fat. $400,000 and above. That’s not a joke….
Posted on 5/10/24 at 9:37 am to Crimson Wraith
Let’s not pretend the 87k new agents were only wanted by the Democrats plenty of Republicans voted for this as well.
We need to clean house in the Republican Party before we can focus on the Dems.
We need to clean house in the Republican Party before we can focus on the Dems.
Posted on 5/10/24 at 9:41 am to Crimson Wraith
would RFK Jr. halt this?
but but but Trump is the clot king and ummm RFK Jr. is great ummmm Meatball is thee Man pro life, RFK Jr. is thee Man killing babies after birth-love from roadgator
but but but Trump is the clot king and ummm RFK Jr. is great ummmm Meatball is thee Man pro life, RFK Jr. is thee Man killing babies after birth-love from roadgator
Posted on 5/10/24 at 11:16 am to Crimson Wraith
quote:
63% of new IRS audits were on folks making less than $200K.
Let me look in my “No shite” file
Oh look…here it is
Posted on 5/10/24 at 11:21 am to Crimson Wraith
They are probably doing it because they know those people are probably less likely to be able to afford lawyers good enough to get them off or to even help
Posted on 5/10/24 at 11:27 am to Crimson Wraith
I’m willing to bet most of these middle class audits are geared towards conservatives that support Trump.
Posted on 5/10/24 at 11:31 am to Crimson Wraith
Is that including correspondence audits? I'd argue those need to be thrown out to make this data relevant.
Posted on 5/10/24 at 11:52 am to Crimson Wraith
Those 87,000 agents are there because enough GOPe sellouts voted to fund them.
Stop voting GOPe.
Stop voting GOPe.
Posted on 5/10/24 at 12:05 pm to Crimson Wraith
Simple logic should have prevailed but it didn't....
1.-People making over 400K a year have alot to lose and cheating on taxes seems like a high risk/low reward scheme. Most have accountants that likely aren't coloring outside the lines.
2. -The pool of folks making over 400K is not very deep compared to those making 200K and less. Less opportunity.
3. The dollar slippage is definitely with the 75K-250K crowd. There are lots of these people and most are likely doing their own taxes. This is your bread and butter for the IRS,
No way 86K hired agents were looking away from the area most recovery could come.
1.-People making over 400K a year have alot to lose and cheating on taxes seems like a high risk/low reward scheme. Most have accountants that likely aren't coloring outside the lines.
2. -The pool of folks making over 400K is not very deep compared to those making 200K and less. Less opportunity.
3. The dollar slippage is definitely with the 75K-250K crowd. There are lots of these people and most are likely doing their own taxes. This is your bread and butter for the IRS,
No way 86K hired agents were looking away from the area most recovery could come.
Posted on 5/10/24 at 12:34 pm to Crimson Wraith
That income bracket most likely does their own taxes or hires someone to do the filling out of forms and submits. That's your "low hanging fruit". Above that amount people start paying for professional tax advice and the IRS isn't going to make bank going up against people that are paid to be smarter than the IRS . anybody that thought millionaires were going to be the IRSs targets were willingly naive
This post was edited on 5/10/24 at 12:36 pm
Posted on 5/10/24 at 12:38 pm to Crimson Wraith
Rich people tend to have CPAs and tax attorneys. News at 11.
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