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The IRS stopped auditing those people a while ago, because they cost too much up front to audit and sue. It’s the middle tier where all the audits happen; rich
by ashtonkem 5y ago
The IRS stopped auditing those people a while ago, because they cost too much up front to audit and sue. It’s the middle tier where all the audits happen; rich enough to evade their taxes, but not so rich that they can afford good lawyers who make collecting difficult.
- Terretta 5y agoIn general, the word isn't evade. In general, it's "plan" or "structure". It's less worth pursuing the ultra wealthy because they implemented the actual tax algorithm and paid every penny the law actually requires -- often zero -- when the algorithm is executed flawlessly. For the disciplined tax planners to pay more, the code has to be debugged and simplified to eliminate these unintended but fully accurate results.
- o___ 5y agoSpoken like a true thief. "How can this be stolen? What is possession, really?"
- cryptica 5y agoThat sounds like an excuse. The reality is that the government is controlled by rich crooks.
- ashtonkem 5y agoMore a consequence of the IRS being systemically underfunded for decades. They simply do not have the money required to audit everyone, so they’re pursuing a strategy of maximizing the return per audit dollar spent. Culturally, I’m sure that the IRS wants to catch every tax cheat; it’s just that they lack the resources to try.