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You might want to sit down for this one.
If you thought the IRS was just a necessary yet uncomfortable part of American life, here’s some more evidence that it’s simply an arm of the United States government that deserves to be excised.
IRS - Rate - Percent - ProPublica
The IRS just admitted that it audits the working poor at about the same rate as the wealthiest 1 percent. Here’s why, according to ProPublica:
…the IRS said, auditing poor taxpayers is a lot easier: The agency uses relatively low-level employees to audit returns for low-income taxpayers who claim the earned income tax credit. The audits — of which there were about 380,000 last year, accounting for 39 percent of the total the IRS conducted — are done by mail and don’t take too much staff time, either. They are “the most efficient use of available IRS examination resources,” Rettig’s report says.
Hand - Auditors - Hours - Hours - Exam
On the other hand, auditing the rich is hard. It takes senior auditors hours upon hours to complete an exam. What’s more, the letter says, “the rate of attrition is significantly higher among these more experienced examiners.” As a result,...
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