Putting TRAC to Work |
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News Organizations |
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Accuracy in Media |
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March 17, 2023 |
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Forbes needs to be audited By Tim Wortsall |
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Meanwhile, an analysis of IRS data from Transactional Records Access Clearinghouse (TRAC) at Syracuse University found that households earning less than $25,000 annually were five times as likely to be audited by the IRS. Five times what? The report that they’re quoting is here (Table 1). It’s not even those who earn less than $25k, it’s those who get the EITC tax credit who have the higher audit rate. It’s also a lower audit rate than those over $1 million in income. |
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Copyright 2023
