| Few Millionaires Audited by IRS Global High Wealth Group |
| (10 Apr 2012)
Very timely data from the IRS show that a special government effort claiming to target "global high wealth" individuals -- including those with assets or incomes in the tens of millions of dollars -- completed audits on only 36 reporting income of $1 million or more in the nearly two and a half years since the program was announced.
And while the program has found over $47 million in additional taxes, in one third of these audits the IRS made no changes.
Many more details are included in the full report at: http://trac.syr.edu/tracirs/newfindings/current/To keep up with TRAC, follow us on Twitter @tracreports or like us on Facebook: http://facebook.com/tracreportsTRAC is self-supporting and depends on foundation grants, individual contributions and subscription fees for the funding needed to obtain, analyze and publish the data we collect on the activities of the US Federal government. To help support TRAC's ongoing efforts, go to: http://trac.syr.edu/sponsor/ |
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