3 ms·
The IRS makes a huge profit margin on average from audits on the 1%-and-up folks because so many of them are cheating on their taxes. Even before all this, the
by KennyBlanken 2y ago
The IRS makes a huge profit margin on average from audits on the 1%-and-up folks because so many of them are cheating on their taxes.
Even before all this, the IRS was spending most of its auditing resources on auditing the poor - especially people using the earned income credit - and losing thousands of dollars or more on each audit because they either didn't find anything, or it was an inconsequential amount of money.