The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31135
Likes: 52632


Yeah, total waste of time... both auditing low income people and


auditing your son, although I thought the IRS could only go back six years unless the taxpayer filed no return or a fraudulent return.

My point is, with a budget of 12 billion and 80K employees there's no reason the IRS can't prioritize auditing more high income tax payers. There were 1.3 million tax returns with AGI of over $500K in 2016, representing less than 1% of returns, but 36% of total income tax. On the flip side, there were 91 million returns with income of less than $50K, representing 60% of all tax returns and 5% of total income tax. The audit rate of the 2nd group should be near zero and only in cases where an algorithm predicts a very high chance of fraud. The audit rate for the first group can/should be much higher.


(In response to this post by NJHoo)

Posted: 12/11/2018 at 12:00PM



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Current Thread:
 
  
Guess which cohort is dodging paying owed taxes -- NJHoo 12/11/2018 11:24AM
  LOL- theDonald should give the Director -- Capital City Hoo 12/11/2018 12:27PM
  And also... I don't know where the commentary of -- BocaHoo91 12/11/2018 12:41PM
  I'm sure there's plenty of ineffeiciency -- Beerman 12/11/2018 12:34PM
  But you don't actually know that, do you? -- Beerman 12/11/2018 1:15PM
  OK, it shouldn't be then. I do know that. -- BocaHoo91 12/11/2018 1:54PM
  It shouldn't be that way, but it is -- Beerman 12/11/2018 2:01PM
  I agree with all that generally -- Beerman 12/11/2018 2:09PM
  Also ... -- Beerman 12/11/2018 12:28PM
  3 times in 3 years? -- hoothat 12/11/2018 12:34PM
  Function of being a private contractor ** -- WaxHoo 12/11/2018 12:49PM
  I thought there was a time limit too -- NJHoo 12/11/2018 12:22PM

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