Putting TRAC to Work |
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News Organizations |
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Reuters |
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January 17, 2012 |
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Honey, they shrunk the IRS By David Cay Johnston |
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From 2005 to 2009, hours spent auditing the biggest corporations declined by 33 percent, according to IRS records analyzed by the Transactional Records Access Clearinghouse at Syracuse University in New York. Two decades ago, when the economy was a third smaller, the IRS staff numbered about 118,000. Now it numbers 95,000 and is on the way to about 90,000. The likelihood of a big company being audited has plummeted 50 percentage points from 72 percent in 1990 to 22 percent in 2010. |
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Copyright 2012
