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63% of new IRS audits were on folks making less than $200K.

Posted on 5/10/24 at 9:19 am
Posted by Crimson Wraith
Member since Jan 2014
24910 posts
Posted on 5/10/24 at 9:19 am
Posted by Flats
Member since Jul 2019
21875 posts
Posted on 5/10/24 at 9:23 am to
Of course they are. That's where the bulk of the income sits in the US; between $50k and $200k.
Posted by Purple Spoon
Hoth
Member since Feb 2005
17907 posts
Posted on 5/10/24 at 9:25 am to
count me in.
Posted by BawtHouse
Member since Dec 2021
206 posts
Posted on 5/10/24 at 9:28 am to
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 by Lsut81
Member since Jun 2005
80218 posts
Posted on 5/10/24 at 9:31 am to
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
Posted by Deuces
The bottom
Member since Nov 2011
12434 posts
Posted on 5/10/24 at 9:31 am to
Listen, Fat. $400,000 and above. That’s not a joke….
Posted by dgnx6
Baton Rouge
Member since Feb 2006
68899 posts
Posted on 5/10/24 at 9:36 am to
but mean tweets
Posted by bird35
Georgia
Member since Sep 2012
12258 posts
Posted on 5/10/24 at 9:37 am to
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.

Posted by cajunangelle
Member since Oct 2012
147277 posts
Posted on 5/10/24 at 9:41 am to
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
Posted by theunknownknight
Baton Rouge
Member since Sep 2005
57431 posts
Posted on 5/10/24 at 11:16 am to
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 by papasmurf1269
Hells Pass
Member since Apr 2005
20910 posts
Posted on 5/10/24 at 11:21 am to
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 by Nikki_T
Portola Valley
Member since Feb 2021
306 posts
Posted on 5/10/24 at 11:27 am to
I’m willing to bet most of these middle class audits are geared towards conservatives that support Trump.
Posted by Jorts R Us
Member since Aug 2013
14856 posts
Posted on 5/10/24 at 11:31 am to
Is that including correspondence audits? I'd argue those need to be thrown out to make this data relevant.
Posted by Tandemjay
Member since Jun 2022
2448 posts
Posted on 5/10/24 at 11:52 am to
Those 87,000 agents are there because enough GOPe sellouts voted to fund them.

Stop voting GOPe.
Posted by ShermanTxTiger
Broussard, La
Member since Oct 2007
10905 posts
Posted on 5/10/24 at 12:05 pm to
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.

Posted by SuperOcean
Member since Jun 2022
3294 posts
Posted on 5/10/24 at 12:34 pm to
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 by TejasHorn
High Plains Driftin'
Member since Mar 2007
10981 posts
Posted on 5/10/24 at 12:38 pm to
Rich people tend to have CPAs and tax attorneys. News at 11.
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