“Because the IRS doesn’t have the manpower to go after all the big fish, 53% of its audits focus on people making less than $50,000”
What?
These people are broken. The “rich” follow the laws the govt produces. Look no further than DJT. Loopholes are loopholes… you need to change the law if you want to get the “big fish”.
Must are a millennial. Can't do logic. Never occurred to the author that the IRS could simply task their goons to focus on big fish for the big bucks instead of deploying their briefcase army to go out and nickel and dime truck drivers and grocery store workers for pennies they missed on their 1040 EZ forms.
Must are a millennial. Can't do logic. Never occurred to the author that the IRS could simply task their goons to focus on big fish for the big bucks instead of deploying their briefcase army to go out and nickel and dime truck drivers and grocery store workers for pennies they missed on their 1040 EZ forms.
The statement makes no sense because the fewer agents you have the only fish you should go after are the huge ones.
Ya....
They go after the lower wage earners because they can’t afford to fight and just pay up.
I would add:
1. “The Big Fish” have the most to lose in an audit-—especially reputation.
2. The Big Fish hire good internal accounting people & excellent CPA’s to do their myriad of tax returns & other reports. Those PROFESSIONALS have their license at stake & they search the IRS tax laws for the most advantageous usage for each client. Tax laws are NOT Oreo cookies-—not all rules work for everyone.
Lower earners rely on Turbo Tax or people in the mall to do their ‘taxes’. EVEN the IRS offers free tax preparation-—are THEY making errors???
We bully little guys because we don't have the firepower to bully big guys! Doesn't that make sense?