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CBN News commented: “The Internal Revenue Service dropped the ball on auditing millionaires, according to a new report published by Syracuse University’s Transactional Records Access Clearinghouse (TRAC). Despite calls by Democrats to ramp up scrutiny of high-net-worth individuals’ tax returns, and a legislative push for increased funding for the agency, the likelihood of a millionaire being audited in 2022 was just 1.1 percent.
“Instead, data shows that low-income earners were more than five times more likely to be targeted by the IRS in 2022,” the CBN story continued. “TRAC, a nonpartisan data gathering and distribution organization, was able to obtain the information under a court order through a Freedom of Information Act request.”
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