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A new report from a Syracuse University study group reemphasizes the likelihood that the 87,000 new IRS agents funded by congressional Democrats and President Joe Biden will harass low-income taxpayers the most.
The Transactional Records Access Clearinghouse, a highly reputable research outlet, reports, to quote the headline of its Jan. 4 report, that the “IRS audits few millionaires but targeted many low-income families in FY 2022.” More specifically, according to the TRAC Syracuse report, “The taxpayer class with unbelievably high audit rates — five and a half times virtually everyone else — were low-income wage-earners taking the earned income tax credit.”
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