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>Congress made the EITC complex. EITC errors/fraud cost the public purse $10-20bn a year. Is the IRS just supposed to ignore that? I love the advanced level of

>Congress made the EITC complex. EITC errors/fraud cost the public purse $10-20bn a year. Is the IRS just supposed to ignore that? I love the advanced level of neoliberalism we're seeing now. Oh no, poor people aren't committing tax fraud properly, gotta run after them. Meanwhile pretty much every US corporation abuses tax laws to the absolute limit to serve their shareholders (on the order of trillions of dollars of lost revenue), and somehow that's "okay" (i.e. the IRS doesn't audit them and the justice dept doesn't go after them)

JumpCrisscross 4y ago
> the IRS doesn't audit [U.S. corporations] Corporate auditing is down, but with audit rates at 50% for $20+ billion in assets and 22% for $5 to 20bn [1], corporate America is the most thoroughly tax audited slice of the country. > the justice dept doesn't go after them Yes, it does [2]. [1] https://www.washingtonpost.com/business/2021/07/14/corporate-tax-break-irs/ https://www.washingtonpost.com/business/2021/07/14/corporate... [2] https://www.justice.gov/tax/tax-division-press-releases https://www.justice.gov/tax/tax-division-press-releases