I have no love for the IRS, or its expansion.
But, I suspect that $200,000 is net income on a return. So that number can be a little misleading.
When my wife’s brother in law passed 14 years ago, I got to unravel their web of finances. He was grossing $700k a year, and his net was less than $150k. He was cheating so blatantly, that my wife and I worried for 7 years that there would be an audit that would ruin her sister.
As a side note, the man was a rabid democrat that advocated loudly for higher taxes.
“As a side note, the man was a rabid democrat that advocated loudly for higher taxes.”
so no audit for him then.