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Do you have any proof to back up that "the rich are 10x more likely to be audited"? Not trying to call you out but I'd like to read it, that number seems extrem
by dubcanada 5y ago
Do you have any proof to back up that "the rich are 10x more likely to be audited"? Not trying to call you out but I'd like to read it, that number seems extremely far fetched. My guess is everyone has a small percent chance to get audited every year (unless they find a obvious issue) and it's just a flip of a coin.
I imagine they have some kind of algorithm or MI to assist in finding discrepancies based on historical wins/loses.
I doubt it's as simple as I made 10 million, therefore I am going to get audited eventually.
- 8fGTBjZxBcHq 5y agoIt's actually the opposite as far as I know. There have been several well-researched articles in the last few years about this. The automated flagging they use is tuned to find the common mundane violations, which tend to be by normal people with normal resources. The tax strategies of the extremely wealthy are a good deal more sophisticated and don't lend themselves well to automated checks like these.
- ucha 5y agoPeople who declare (or don't declare) $0 income and high income tax payers are disproportionally likely to be audited. And if you make $10mm+ for a number of year, you're almost certainly going to be audited and anecdotally, that has been what I've seen. https://taxfoundation.org/irs-audited-12-million-households-2015/ https://taxfoundation.org/irs-audited-12-million-households-...