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 Putting TRAC to Work |
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January 11, 2023 |
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House Will Vote on Bill to Abolish IRS, Replace Income Tax
By Andrew Moran
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But new data from Syracuse University’s Transactional Records Access Clearinghouse (TRAC) found that the IRS has mostly targeted low-income taxpayers rather than millionaires and billionaires.
“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,” the report stated. “[T]hey are easy marks in an era when IRS increasingly relies upon correspondence audits yet doesn’t have the resources to assist taxpayers or answer their questions.”
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Transactional Records Access Clearinghouse, Syracuse University
Copyright 2023
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