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DeepNewz, mobile.
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IRS audits last year focused heavily on taxpayers earning less than $200,000, with two-thirds of audits targeting this income group. Middle-class and above individuals faced a higher audit rate despite being a smaller percentage of households due to lack of tax avoidance structures.
Buried at the bottom of this story: "Nearly two-thirds of audits initiated in 2023 were on those making less than $200,000." https://t.co/RESYKwJlYs
Here's the thing -- it's always going to be easier for the IRS to audit and soak the middle class, whereas rich people have accountants and lawyers that make auditing a lot more difficult. https://t.co/LJuQtRntWu
Two-thirds of IRS audits initiated last year were on taxpayers making < $200k. https://t.co/6dEz0w8wJ4
