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Recent reports indicate a discrepancy in IRS audit targets following Democratic assurances that increased enforcement, bolstered by 87,000 new agents under the Inflation Reduction Act, would focus on high earners and large corporations. Despite claims that audits would primarily affect those making over $400,000, data shows that 63% of audits last year targeted individuals earning below $200,000. This has sparked criticism from various quarters, accusing the administration of misleading the public and burdening the middle class. The IRS is also considering a crackdown on the charitable sector, which is accused of being a wealth warehouse.
For too long, ultra-rich Americans & mega corporations have been able to avoid paying taxes they owe — leaving working families holding the bag. Thanks to our work to pass the Inflation Reduction Act, the IRS is cracking down on these wealthy tax cheats⬇️ https://t.co/9KA7rtBCnV
Remember when Pelosi hired an additional 87,000 IRS agents & said don’t worry they’re only going after the “rich”? And Republicans said that’s a lie? Turns out we were right - those IRS agents are going after the middle class 63% of new audits were for families making less… https://t.co/zfV6PmvXVj
IRS considers cracking down on $230 billion charitable sector that critics call "warehousing of wealth." https://t.co/K1WKj4vQuS
