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Totally reasonable (discuss.online)
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[-] too_high_for_this@lemmy.world 9 points 9 hours ago* (last edited 7 hours ago)

People can report their own deductions, too. It's just not worth it for most people.

The problem is that the IRS "doesn't have the resources" to audit corporations and millionaires. They basically only audit small business owners.

Edit for sarcasm quotes

[-] Corkyskog@sh.itjust.works 7 points 8 hours ago

Even that though, you can only deduct part of your living expenses. There is no food deduction afaik, there is no deduction for insurance as far as I know.

[-] Dnb@lemmy.dbzer0.com 4 points 8 hours ago

Which is ass backwards. Audit those with the highest amounts and they made way more money. It's proven it worked that way until they cut funding for it

[-] jtrek@startrek.website 3 points 8 hours ago

I'm pretty sure I read that auditing the wealthy is a huge profit center for the IRS, because they find people who aren't paying what's owed. Naturally conservatives (of any party) hate this and gut it whenever possible

[-] ryathal@sh.itjust.works 1 points 6 hours ago

Auditing in general is profitable, but it's mostly due to it being automated for people that aren't making 7 figures. Auditing the not absurdly wealthy is also generally a positive revenue. Auditing the extremely wealthy tends to not be a great net benefit as the costs of lawyers and court time outweighs the settlement check at the end. There's an argument to be made it's worth the cost to ensure the ultra wealthy do actually pay though.

[-] jtrek@startrek.website 1 points 5 hours ago

It's billions of dollars of tax "avoidance", cheating, and simply not paying. Unfortunately, the wealthy who are calling the shots don't really want to pay millions for IRS lawyers

[-] too_high_for_this@lemmy.world 1 points 6 hours ago

Yeah, if you look at the numbers it's obvious. But libertarians don't let facts get in the way of a good narrative.

this post was submitted on 06 Jun 2026
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