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 Putting TRAC to Work |
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January 10, 2023 |
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Kuster, Pappas Vote to Keep Billions in IRS Spending, Surge in Taxpayer Audits
By Michael Graham
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In fact, Syracuse University’s Transactional Records Access Clearinghouse (TRAC) reports that in 2022 “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.”’
Setting aside “correspondence audits” — follow-up requests for information or challenges of reporting — and focusing solely on office and field audits, “the odds that millionaires received a regular audit by a revenue agent (1.1 percent) was actually less than the audit rate of the targeted lowest income wage-earners whose audit rate was 1.27 percent,” TRAC reports.
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Transactional Records Access Clearinghouse, Syracuse University
Copyright 2023
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