Quote:
Originally Posted by Exhibitman
Logical but not true. Per the Motley Fool, in 2022, there were 12.7 audits per 1,000 returns filed by the lowest-income wage earners (making it a 1.27% chance of audit) compared with 3.8 per 1,000 returns filed by all other individual taxpayers. They don't go where the money is, they go where the low-hanging fruit is, and people who cannot fight are the easy ones.
|
Not sure where the fool gets their data, although I suspect they could be right.
In other news, GAO published a report on IRS audits for 2019, which you can find here:
https://www.gao.gov/products/gao-22-104960
If you're too lazy to click the link, then you can read the table below.
I do wonder if part of the issue is people who make a lot more, but report a lot less. So they fall into the bottom group, yet they get audited a lot more because they're obviously hiding income.