535
jackpot (programming.dev)
you are viewing a single comment's thread
view the rest of the comments
[-] High_Plains_Drifter@lemmy.world 6 points 1 year ago

Gotta pay for all those new agents.

[-] CAPSLOCKFTW@lemmy.ml 32 points 1 year ago

The IRS is chronically underfunded. They can't keep the money, it goes to Aunt Sam.

And btw the IRS has not enough staff to investigatevif rich people pay their fair share, therefore they go mostly for normal people.

[-] Snipe_AT@lemmy.atay.dev 3 points 1 year ago

Just wanted to point out that the audit rates for the rich are higher than normal people.

[Jay McTigue:] Well, as I said, higher-income taxpayers are indeed being audited at a higher rate than lower-income taxpayers. In fact, the highest-income taxpayers, those making $5 million or more a year, right now are being audited at about 2.3%. Whereas on average the audit rate is less than 1% So there is still a focus on the higher-earning individuals.

https://www.gao.gov/assets/730/720478.txt

[-] Bonehead@kbin.social 16 points 1 year ago

Just wanted to point out that the audit rates for the rich are higher than normal people.

As it should be. The problem is that the rate should be 10 times higher than it currently is.

[-] BeegYoshi@lemm.ee 8 points 1 year ago

the misleading thing about that statistic is that there are far, far fewer wealthy people than there are normal. even with the rate of audits technically being lower, the number of audits of normal people is still far, far greater, and is where the IRS's focus truly is

[-] Snipe_AT@lemmy.atay.dev 0 points 1 year ago

my understanding is that the focus of the IRS should be on those that try to subvert paying their taxes, it seems that they believe there is an increased amount of those people in the wealthy category.

but it doesn’t make sense that they should ignore people trying to subvert taxes in the normal brackets does it? all that does is harm everyone else paying their fair share.

[-] BeegYoshi@lemm.ee 3 points 1 year ago

I never said to ignore it for low income taxpayers, but the statistic you provided is incredibly misleading. Plus the IRS would recoup far more money by auditing higher income taxpayers at much greater rates.

[-] Snipe_AT@lemmy.atay.dev 1 points 1 year ago* (last edited 1 year ago)

How is it misleading? It's an incredibly simple statement that the rich are audited at a higher rate than the average person isn't it? I didn't say that more wealthy are audited than the common folk because it seems common sense that due to large disparity in population (common vs wealthy), that of course there are more common people audited than wealthy. I'm simply pointing out that this guys statement is incorrect, misleading, and intended to incite anger.

"the IRS has not enough staff to investigatevif rich people pay their fair share, therefore they go mostly for normal people."


Please ignore my negative initial vote score, as I have the privilege of being bot-downvoted by CCP sympathizers because of comments on this post https://lemmy.world/post/2338419, there is also the possibility that I'm just an asshole.

[-] BeegYoshi@lemm.ee 1 points 1 year ago* (last edited 1 year ago)

Your statistic doesn't support your conclusion. His statement is not contradicted, and is in fact true.

Several articles about how poorer taxpayers are significantly more likely to be targeted:

https://www.foxnews.com/politics/irs-targeted-poorest-taxpayers-millionaires-went-unscathed-2022-report

https://www.cbsnews.com/news/irs-audit-eitc-five-times-as-likely-to-get-audited/

https://www.propublica.org/article/irs-sorry-but-its-just-easier-and-cheaper-to-audit-the-poor

An article about how audit rates are dropping in general, and dropping fastest for those with the highest incomes:

https://www.forbes.com/sites/ashleaebeling/2022/05/18/irs-tax-return-audit-rates-plummet/?sh=642e0b711cca

[-] Snipe_AT@lemmy.atay.dev 1 points 1 year ago

You are dying on an an hill made of data manipulated by new outlets that profit off of your attention. Below is an image from a 2019 GAO report that displays the audit rates with more granularity.

Even your own sources (https://trac.syr.edu/reports/706/ referenced in your Fox Article) with 2022 still show that income greater than 1M is audited at 2.38% vs income <$25K with EITC is at 1.27%. You just keep beating up your own argument.

My statistics do support my statement that the IRS audit rates for the rich are higher than normal people, and in fact higher than the poorest. His statement is, again, incorrect, misleading, and intended to incite anger.

https://www.gao.gov/products/gao-22-104960


Please ignore my negative initial vote score, as I have the privilege of being bot-downvoted by CCP sympathizers because of comments on this post https://lemmy.world/post/2338419, there is also the possibility that I’m just an asshole.

[-] BeegYoshi@lemm.ee 0 points 1 year ago

You are dying on an an hill made of data chosen in piecemeal by news outlets that profit off of your attention.

mk bud. i cant believe you still dont understand why those rates are misleading. good luck out there

[-] Snipe_AT@lemmy.atay.dev 1 points 1 year ago* (last edited 1 year ago)

i don’t see how they can be misleading. the average person understands the difference between rates/percentages and resulting totals.

are you suggesting that the wealthy get audited at such an increased rate so that their total number of audits are the same as normal people? that would require almost 100% of all returns to be audited which is ridiculous.

i’m ok with being wrong and learning, but none what what you suggest is fair or makes any sense


Please ignore my negative initial vote score, as I have the privilege of being bot-downvoted by CCP sympathizers because of comments on this post https://lemmy.world/post/2338419, there is also the possibility that I’m just an asshole.

this post was submitted on 29 Jul 2023
535 points (100.0% liked)

Memes

45708 readers
872 users here now

Rules:

  1. Be civil and nice.
  2. Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago
MODERATORS