"The Internal Revenue Service (IRS) claims that they will not target lower and middle-class Americans under their staff expansion.
This is a lie a they already target the poorest households at five times the rate of other income brackets.
Trac IRS examined the audit figures from FY 2021. The IRS audited 659,003 returns last year out of the 160 million filed. So out of every 1,000 filers, four were targeted for audits. This is already an increase from 2020, when three out of every 1,000 filers were investigated. Prior to 2020, audit rates had been declining.
The IRS uses βcorrespondence auditsβ to request additional documentation to prove that the filings are accurate. These correspondence audits compiled 85% of all audits conducted last year, marking a 5% increase from the previous two years. Some Americans live on such a small income that they file for an anti-poverty tax credit.
Those earning a mere $25,000 annually or less accounted for 54% of all correspondence audits.The idea that this expanded branch of government will target the dreaded rich is a lie.
Around nine million taxpayers in the highest bracket earned between $200,000 to $1,000,000 but were only targeted at one-third of the rate compared to the poorest in the country. In fact, less than 40,000 returns among the top-tier tax bracket were targeted. Only 13,725 people earning over $1 million were targeted."
If you think about it, it is perfectly logical why this is so. The rich hire accountants, and high priced lawyers. It is too much effort to target the rich. They go after those who are least likely to fight back and give them a hard time.
Now, just imagine the impact of what an additional 86,000+ IRS will have on the lives of the poorest in this country.
This is the BIDEN ADMINISTRATION at work. REMEMBER this when you go to the polls this November!https://www.armstrongeconomics.com/world-news/taxes/the-irs-targets-the-poorest-americans/"The Internal Revenue Service (IRS) claims th... (