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IRS Targeted More ‘Easy-Mark’ Low-Income Families Than Millionaires, University Report

IRS Targeted More ‘Easy-Mark’ Low-Income Families Than Millionaires, University Report
The Internal Revenue Service (IRS) headquarters building is seen in the Federal Triangle section of Washington, D.C., on April 27, 2020. Chip Somodevilla/Getty Images
Naveen Athrappully
Naveen Athrappully
Reporter
1/8/2023|Updated: 1/8/2023
0:00

The IRS is continuing its historic trend of pursuing more low-income groups as relatively fewer billionaires and millionaires have come under its audit sweep, according to a recent report by Syracuse University’s Transactional Records Access Clearinghouse (TRAC).

During fiscal year 2022, millionaires “did have the highest odds of being audited. However, if one ignores the fiction of auditing a millionaire through simply sending a letter through the mail, 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!” the report said.
Naveen Athrappully
Naveen Athrappully
Reporter
Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.
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Related Topics
IRS - U.S. Internal Revenue Service
tax filing
tax audits
revenue audit
low-income families
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