Skip to content
Do you have adblock enabled?
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CBS News)   Good news Farkers: You are now less likely to be audited by the IRS. Hooray. Ok, that's because you make less than $400k. Like, way less. But hey, anyway, less audits. Hooray   (cbsnews.com) divider line
    More: Cool, Taxation in the United States, Internal Revenue Service, Tax, IRS audit, tax agency, Inflation Reduction Act, higher audit rates, new IRS agents  
•       •       •

1247 clicks; posted to Politics » on 11 Aug 2022 at 8:08 AM (6 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



71 Comments     (+0 »)
View Voting Results: Smartest and Funniest


Oldest | « | 1 | 2 | » | Newest | Show all

 
2022-08-11 5:47:35 AM  
I can't wait for the flood of articles about companies that have been cooking the books for years finally getting caught.
 
2022-08-11 8:05:11 AM  
I never understood auditing tax payers that make less than $400/$500k anyway.

What is the actual ROI of that?  Seriously, let's say you audit someone whose taxable income is $100k.  Based on current rates they would owe $17,975.42 in Federal Income tax: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets

I just can't see that being cost effective unless that person just didn't pay taxes at all.   Especially when you pile on opportunity cost of lost wages, mental health, and time of the person being audited.

Sure our tax system is so complicated that there are probably Billions of dollars under/over paid every year by that very large group of people making less than $400k, but that's the fault of the jacked up system more than it is attempts to defraud.
 
2022-08-11 8:09:04 AM  

DoBeDoBeDo: I never understood auditing tax payers that make less than $400/$500k anyway.

What is the actual ROI of that?  Seriously, let's say you audit someone whose taxable income is $100k.  Based on current rates they would owe $17,975.42 in Federal Income tax: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets

I just can't see that being cost effective unless that person just didn't pay taxes at all.   Especially when you pile on opportunity cost of lost wages, mental health, and time of the person being audited.

Sure our tax system is so complicated that there are probably Billions of dollars under/over paid every year by that very large group of people making less than $400k, but that's the fault of the jacked up system more than it is attempts to defraud.


Have you ever cheated on your taxes?
 
2022-08-11 8:13:23 AM  
c.tenor.comView Full Size


...audits
 
2022-08-11 8:17:39 AM  
Illinois Dept of Rev used to review my returns even when I made less than 20k.  I suspected a former high school girlfriend got a job there and was gleeful that I was not making a lot of money and that I couldn't fill out an IL CR-13 Income from other states).  Fun fact:  No one could fill one of those out.   I'd get a letter from Ill Rev and a copy of the CR-13 with this number circled and arrows pointing to my mistakes and a handwritten "Balance Due:  $2.75!!!"

With penalties, it went close to $10 and I had 30 days to pay.

Now I make a lot more which would burn her craw but I assume she's retired from Ill Rev.  Probably a Karen, demanding to see the manager of the Dollar General cause there are 5, count them, 5 people waiting in line and only 1 cashier!  And there was only two frozen cheesecakes in the freezer!  Now, she'll have to go over to the other DG but you, the manager, need to call over there and make sure there's frozen cheesecakes there!   I am the customer!!!!
 
2022-08-11 8:17:43 AM  
Last Year:  "It's taking so long to process tax returns, why won't the IRS hire more people?!?"
IRS Hires More People
This Year:  "THIS IS FASCISM!!!"
 
2022-08-11 8:19:27 AM  

thealgorerhythm: DoBeDoBeDo: I never understood auditing tax payers that make less than $400/$500k anyway.

What is the actual ROI of that?  Seriously, let's say you audit someone whose taxable income is $100k.  Based on current rates they would owe $17,975.42 in Federal Income tax: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets

I just can't see that being cost effective unless that person just didn't pay taxes at all.   Especially when you pile on opportunity cost of lost wages, mental health, and time of the person being audited.

Sure our tax system is so complicated that there are probably Billions of dollars under/over paid every year by that very large group of people making less than $400k, but that's the fault of the jacked up system more than it is attempts to defraud.

Have you ever cheated on your taxes?


No.

There is no reason to cheat.  I want to live in a society where government provides services to citizens.
 
2022-08-11 8:23:32 AM  

zeroman987: thealgorerhythm: DoBeDoBeDo:

Have you ever cheated on your taxes?

No.

There is no reason to cheat.  I want to live in a society where government provides services to citizens.


Fark user imageView Full Size



There's that dirty commie talk we talked about
 
2022-08-11 8:24:54 AM  

thealgorerhythm: DoBeDoBeDo: I never understood auditing tax payers that make less than $400/$500k anyway.

What is the actual ROI of that?  Seriously, let's say you audit someone whose taxable income is $100k.  Based on current rates they would owe $17,975.42 in Federal Income tax: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets

I just can't see that being cost effective unless that person just didn't pay taxes at all.   Especially when you pile on opportunity cost of lost wages, mental health, and time of the person being audited.

Sure our tax system is so complicated that there are probably Billions of dollars under/over paid every year by that very large group of people making less than $400k, but that's the fault of the jacked up system more than it is attempts to defraud.

Have you ever cheated on your taxes?


Not that I know of, that was kind of my point.

Though I did once mix up the digits on the cents part of a check written to pay personal property tax.   Paid .36 instead of .63.   The county sent a Deputy to my house with a subpoena to pay within 60 days or go to court over the 27 cent debt that I owed.   At a time when stamps were .25.  Even sending me a letter would have cost them more than they got back, but they chose to send a Deputy.   So yeah, our tax dollars don't always go to the best uses.
 
2022-08-11 8:27:33 AM  
I'm actually excited about this. The understaffing at the IRS has been a total shiat show, to the point that I just got a $20k lien because they farked up my payment plan, and dealing with it means having to be on the phone for hours first thing in the morning several days in a row.
 
2022-08-11 8:27:43 AM  
zeroman987:

Have you ever cheated on your taxes?

No.

There is no reason to cheat.  I want to live in a society where government provides services to citizens.


This too, I don't mind paying my taxes, I just wish it were easier than trying to guess the number that the government already knows I owe and worrying that if I didn't I get to be penalized for it.

It's like the worst carnival game in existence.   Just take it out of my pay check and be done with it.
 
2022-08-11 8:29:30 AM  
From TFA,

"One noteworthy point is that the IRS has recently focused its recent enforcement efforts on two groups: Wealthy taxpayers and low-income households.
In fact, households with less than $25,000 in annual earnings are five times as likely to be audited by the IRS as everyone else"

So audits won't increase on the poors because they already 5 TIMES higher than everyone else. GTFO
 
2022-08-11 8:29:43 AM  
How about just simplifying the byzantine American tax regulations?
Takes me half an hour to do my Canadian tax return.
 
2022-08-11 8:29:51 AM  
So does this mean they can finally finish Donald Trump's audit and we can see his taxes?
 
2022-08-11 8:31:57 AM  

DoBeDoBeDo: I never understood auditing tax payers that make less than $400/$500k anyway.

What is the actual ROI of that?  Seriously, let's say you audit someone whose taxable income is $100k.  Based on current rates they would owe $17,975.42 in Federal Income tax: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets

I just can't see that being cost effective unless that person just didn't pay taxes at all.   Especially when you pile on opportunity cost of lost wages, mental health, and time of the person being audited.

Sure our tax system is so complicated that there are probably Billions of dollars under/over paid every year by that very large group of people making less than $400k, but that's the fault of the jacked up system more than it is attempts to defraud.


If you read the article, it basically makes that same point - for middle/upper-middle households who make all or almost all their money from a job with an employer and get a W-2 it's pretty hard to hide or under-report income.

That said, there's a lot of variety out there. Plenty of households in the $250-$500K range earn significantly from largely cash-based businesses. And cash-based family businesses are simply rife with under-reporting, shifting, misuse, claiming inappropriate expenses, etc. The ones I know & see personally are fond of slapping a big business decal on their personal car and claiming the payments & gas as business expenses. Some top 10-20% households, one or both adults will have a hobby "business" that never really makes them money or sells/produces much of anything but sure as hell generates a ton of tax deductions. I'm all for policing that to the fullest.
 
2022-08-11 8:35:06 AM  

KCinPA: From TFA,

"One noteworthy point is that the IRS has recently focused its recent enforcement efforts on two groups: Wealthy taxpayers and low-income households.
In fact, households with less than $25,000 in annual earnings are five times as likely to be audited by the IRS as everyone else"

So audits won't increase on the poors because they already 5 TIMES higher than everyone else. GTFO


You omitted the explanation in the article that a lot of that is low-income people blatantly cheating by attempting to claim an Earned Income Tax Credit (EITC) they don't qualify for.

They're calling it down on themselves.
 
2022-08-11 8:36:23 AM  
Lies. Republicans tried adding an amendment that said the IRS CAN'T use these new agents to audit anybody making under 400k.....and democrats rejected it:

https://thehill.com/policy/3594879-gop-rails-against-irs-funding-in-inflation-reduction-act/amp/
 
2022-08-11 8:37:07 AM  
The TV lawyers says that if I owe the IRS more than $500,000, I may be able to settle for little or nothing!

I just assumed if I owe the IRS $500,000, I'm going to fed prison.  So, taxes get paid.  I'm way too pretty for fed prison.
 
2022-08-11 8:37:26 AM  

KCinPA: From TFA,

"One noteworthy point is that the IRS has recently focused its recent enforcement efforts on two groups: Wealthy taxpayers and low-income households.
In fact, households with less than $25,000 in annual earnings are five times as likely to be audited by the IRS as everyone else"

So audits won't increase on the poors because they already 5 TIMES higher than everyone else. GTFO


not all the poors. they target poors driving 3yo mercedes and new ford raptors. IOW tax cheats.
 
2022-08-11 8:38:20 AM  

KCinPA: From TFA,

"One noteworthy point is that the IRS has recently focused its recent enforcement efforts on two groups: Wealthy taxpayers and low-income households.
In fact, households with less than $25,000 in annual earnings are five times as likely to be audited by the IRS as everyone else"

So audits won't increase on the poors because they already 5 TIMES higher than everyone else. GTFO


Also RWNJs: "Eleventy billion percent of households pay NO TAXES! We need to tax the living schitt out of those damn poors! That'll larn 'em to be poor!"
 
2022-08-11 8:40:51 AM  
But all the meme's I'm seeing of Instagram are assuring me that they will be coming after the 20 dollars grandma gave me 20 years ago!
 
2022-08-11 8:45:25 AM  
Lucky Duckies!
 
2022-08-11 8:45:55 AM  
"Instead, new funding will crack down on tax evaders among the wealthy and large corporations, "

surejan.gif
 
2022-08-11 8:46:16 AM  

DoBeDoBeDo: I never understood auditing tax payers that make less than $400/$500k anyway.

What is the actual ROI of that?  Seriously, let's say you audit someone whose taxable income is $100k.  Based on current rates they would owe $17,975.42 in Federal Income tax: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets

I just can't see that being cost effective unless that person just didn't pay taxes at all.   Especially when you pile on opportunity cost of lost wages, mental health, and time of the person being audited.

Sure our tax system is so complicated that there are probably Billions of dollars under/over paid every year by that very large group of people making less than $400k, but that's the fault of the jacked up system more than it is attempts to defraud.


Because there are people whose claimed income is way out of line with their financial activities. An real example: someone claims to be under the poverty limit, but had over $250,000 processed through one credit card in a year.
 
2022-08-11 8:48:02 AM  

sinner4ever: "Instead, new funding will crack down on tax evaders among the wealthy and large corporations, "

surejan.gif


If you are some clock puncher not claiming the eitc who just has a W2 what the fark are they going to audit?
 
2022-08-11 8:48:56 AM  

DoBeDoBeDo: zeroman987:

Have you ever cheated on your taxes?

No.

There is no reason to cheat.  I want to live in a society where government provides services to citizens.

This too, I don't mind paying my taxes, I just wish it were easier than trying to guess the number that the government already knows I owe and worrying that if I didn't I get to be penalized for it.

It's like the worst carnival game in existence.   Just take it out of my pay check and be done with it.


Unless you have self-employment income or a lot of weird shiat in deductions and credits (probably not,) the entire process takes like 10 minutes and is incredibly easy. Especially since the 1040EZ was introduced, since it works for something like 70% of all tax filers, and since the standard deduction went up high enough that most people don't come close to exceeding it in itemized deductions. And for everyone that doesn't cover, stop being cheap and use an accountant.

The trope that taxes are complicated and hard needs to die. That hasn't been the case in decades, now.
 
2022-08-11 8:49:29 AM  
I never made enough to be on that radar.

/ Uh oh, I forgot to claim this 1099 for $119
// Holy fark a brigade of IRS auditors is gonna break my door down
/// slashie sarcasm
 
2022-08-11 8:51:04 AM  
My federal taxes are normally ok, if way too complicated for other outside reasons, but state and local taxes have been a mess for years.
It seems every other year some municipality I haven't lived in for years gets some new shady outsourced group to collect taxes for them and they decided we owe or have unpaid back taxes and I have to go to the tax prep place and get a letter from them and send a copy of my local return.
It's the corporate extortion I have to pay I guess.
 
2022-08-11 8:54:02 AM  
I wish they'd just send a bill and/or a refund. They should have all of my income information already, since they are capable of auditing.
 
2022-08-11 8:54:51 AM  
I messed up one time about ten years ago and left a zero off on my income. Three years later I get audited and end up having to pay a chunk of change in fees plus the amount they refunded back. Every year since I've been audited. At this point it's just routine for us.

Not rich so wasn't fun. Still don't understand how their software accepted the return with a difference like that.
 
2022-08-11 8:55:21 AM  

DoBeDoBeDo: I never understood auditing tax payers that make less than $400/$500k anyway.


It's a "total positive income" of $400K or less. A business making 8% profit on $5,000,000 in revenue would fall into that category.
 
2022-08-11 8:57:46 AM  

DoBeDoBeDo: zeroman987:

Have you ever cheated on your taxes?

No.

There is no reason to cheat.  I want to live in a society where government provides services to citizens.

This too, I don't mind paying my taxes, I just wish it were easier than trying to guess the number that the government already knows I owe and worrying that if I didn't I get to be penalized for it.

It's like the worst carnival game in existence.   Just take it out of my pay check and be done with it.


But the tax preparer groups would like, have their profits cut into man. What kind of heartless asshole are you not thinking about their profits!?
 
2022-08-11 8:59:48 AM  

whatshisname: How about just simplifying the byzantine American tax regulations?
Takes me half an hour to do my Canadian tax return.


I can usually do mine here in the US in that timeframe too, BUT I am incredibly rare in my situation. We have one single income from my corporate job, no kids, and we don't own our home. It helps the software saves almost all of my personal info from the year prior. It makes life suuuuuuper easy.
 
2022-08-11 9:07:42 AM  
Look, just because I don't make over $400k/year right now doesn't mean I won't in the next couple weeks so this is bullshiat.
 
2022-08-11 9:08:36 AM  
But hey, less audits

fewer*

/ducks and runs
 
2022-08-11 9:09:08 AM  

KCinPA: From TFA,

"One noteworthy point is that the IRS has recently focused its recent enforcement efforts on two groups: Wealthy taxpayers and low-income households.
In fact, households with less than $25,000 in annual earnings are five times as likely to be audited by the IRS as everyone else"

So audits won't increase on the poors because they already 5 TIMES higher than everyone else. GTFO


This actually makes more sense. These people can't defend themselves and conservatives are out there saying the poor don't pay their fair share.
One would hope they actually meant businesses like GE and people like Donald Trump who claim they never earn a profit but we all know they don't.
 
2022-08-11 9:09:32 AM  

Chompachangas: I wish they'd just send a bill and/or a refund. They should have all of my income information already, since they are capable of auditing.


They don't know if you got married or divorced, had a kid, donated to charity, have any exemptions.

The 10 minutes it takes to do taxes for most people is not onerous.
 
2022-08-11 9:12:14 AM  

jayphat: whatshisname: How about just simplifying the byzantine American tax regulations?
Takes me half an hour to do my Canadian tax return.

I can usually do mine here in the US in that timeframe too, BUT I am incredibly rare in my situation. We have one single income from my corporate job, no kids, and we don't own our home. It helps the software saves almost all of my personal info from the year prior. It makes life suuuuuuper easy.


Even if you had kids and a house, it just adds like one line and one more short form. And if the way I've seen people apply for mortgages is any indication, the biggest issue is people have no idea how to organize paperwork and most of the "difficulty" is finding crumpled-up bits of coffee-stained mail you tossed into a drawer 7 months ago.
 
2022-08-11 9:18:37 AM  

nquadroa: I messed up one time about ten years ago and left a zero off on my income. Three years later I get audited and end up having to pay a chunk of change in fees plus the amount they refunded back. Every year since I've been audited. At this point it's just routine for us.

Not rich so wasn't fun. Still don't understand how their software accepted the return with a difference like that.


I don't understand how anyone could submit a return with a difference like that. Anyone who is at all functional would have at least realized their mistake when the refund amount was impossible.
 
2022-08-11 9:23:08 AM  

Lusiphur: jayphat: whatshisname: How about just simplifying the byzantine American tax regulations?
Takes me half an hour to do my Canadian tax return.

I can usually do mine here in the US in that timeframe too, BUT I am incredibly rare in my situation. We have one single income from my corporate job, no kids, and we don't own our home. It helps the software saves almost all of my personal info from the year prior. It makes life suuuuuuper easy.

Even if you had kids and a house, it just adds like one line and one more short form. And if the way I've seen people apply for mortgages is any indication, the biggest issue is people have no idea how to organize paperwork and most of the "difficulty" is finding crumpled-up bits of coffee-stained mail you tossed into a drawer 7 months ago.


shiat most people qualify for free turbo tax which doesn't require them to do anything.
 
2022-08-11 9:24:49 AM  

Lusiphur: jayphat: whatshisname: How about just simplifying the byzantine American tax regulations?
Takes me half an hour to do my Canadian tax return.

I can usually do mine here in the US in that timeframe too, BUT I am incredibly rare in my situation. We have one single income from my corporate job, no kids, and we don't own our home. It helps the software saves almost all of my personal info from the year prior. It makes life suuuuuuper easy.

Even if you had kids and a house, it just adds like one line and one more short form. And if the way I've seen people apply for mortgages is any indication, the biggest issue is people have no idea how to organize paperwork and most of the "difficulty" is finding crumpled-up bits of coffee-stained mail you tossed into a drawer 7 months ago.


I could easily understand the frustrations 25 years + ago with filing taxes, making sure you haven't misplaced the mortgage interest statement, etc.

I'm a simple filer, nothing special.  At this point though, everyone with a home is getting documents online and (i mean its wasteful, but i still do it) statements in the mail, at least when it comes to the tax-related documents. And wether you use a free file method, or spend a hundred dollars every February to use turbotax, it really couldn't be more simple to file your taxes at this point.  And saying all that, i know that there's obviously going to be a subset of people out there who just can't manage understanding what they need to do.

I still think this entire process for anyone like me who's just filing a basic 1040, could be accomplished automatically and its silly to ask citizens to manage the process.  The people who this process wouldn't make sense for would be people getting dividends from stocks, running businesses, etc; the kind of people who also have the means and probably intelligence to do a deeper dive either on their own, or the ability to pay for an accountant to manage it all.
 
2022-08-11 9:25:54 AM  

Malenfant: nquadroa: I messed up one time about ten years ago and left a zero off on my income. Three years later I get audited and end up having to pay a chunk of change in fees plus the amount they refunded back. Every year since I've been audited. At this point it's just routine for us.

Not rich so wasn't fun. Still don't understand how their software accepted the return with a difference like that.

I don't understand how anyone could submit a return with a difference like that. Anyone who is at all functional would have at least realized their mistake when the refund amount was impossible.


Refund amount was only minimally different. Less than 1k difference from year prior and we'd had a child so assumed it was due to the additional dependant.

Also, go fark yourself. Like you've never made a typo and not noticed it.
 
2022-08-11 9:28:24 AM  

DoBeDoBeDo: I never understood auditing tax payers that make less than $400/$500k anyway.

What is the actual ROI of that?  Seriously, let's say you audit someone whose taxable income is $100k.  Based on current rates they would owe $17,975.42 in Federal Income tax: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets

I just can't see that being cost effective unless that person just didn't pay taxes at all.   Especially when you pile on opportunity cost of lost wages, mental health, and time of the person being audited.

Sure our tax system is so complicated that there are probably Billions of dollars under/over paid every year by that very large group of people making less than $400k, but that's the fault of the jacked up system more than it is attempts to defraud.


It's about deterrence. While someone earning $85k who cheats on their taxes isn't individually costing us much money, it does add up. And because the tax system is regressive, such as with social security being capped at $147 of your income, low-income tax cheats can have an impact. One of the reasons the Greek economy imploded was because so many people were cheating on their taxes.

Ironically, the ROI for an audit with a low-income earner is probably greater than a millionaire because they don't have the resources to fight the audit and push for a favorable settlement.

Now before you say I'm pro-audit for low-income people, I'm not. I'd exempt everyone with incomes under $50k from income tax. They make up 60 percent of filers yet they account for only 5 percent of paid income taxes. And then I'd eliminate the social security cap.
 
2022-08-11 9:33:15 AM  

Jesterling: zeroman987: thealgorerhythm: DoBeDoBeDo:

Have you ever cheated on your taxes?

No.

There is no reason to cheat.  I want to live in a society where government provides services to citizens.

[Fark user image image 459x258]


There's that dirty commie talk we talked about


ROFL

Anyway, I bet all the IT workers in California are collectively crapping their pants.
 
2022-08-11 9:35:13 AM  

KCinPA: From TFA,

"One noteworthy point is that the IRS has recently focused its recent enforcement efforts on two groups: Wealthy taxpayers and low-income households.
In fact, households with less than $25,000 in annual earnings are five times as likely to be audited by the IRS as everyone else"

So audits won't increase on the poors because they already 5 TIMES higher than everyone else. GTFO


It isn't the poors that are getting audited.  It is "self employed" or sole proprietorships that have complicated tax returns.

A common scam is to claim 10-20k in "self employment" income to get the earned income tax credit.

Also some legit businesses don't properly calculate their income or operate a huge amount of cash transactions to have lower on paper income.  Like contractors/tradespeople.  A bunch give "discounts" for cash.

I doubt a bunch of W2 employees that are barely making subsistence wages are getting audited.  The whole thing is a misinformation campaign designed to protect tax cheats from scrutiny.
 
2022-08-11 9:39:19 AM  

Lusiphur: I'm actually excited about this. The understaffing at the IRS has been a total shiat show, to the point that I just got a $20k lien because they farked up my payment plan, and dealing with it means having to be on the phone for hours first thing in the morning several days in a row.


The IRS has been understaffed since at least 2010, purposely, by Congress.
 
2022-08-11 9:40:53 AM  

DoBeDoBeDo: I never understood auditing tax payers that make less than $400/$500k anyway.

What is the actual ROI of that?  Seriously, let's say you audit someone whose taxable income is $100k.  Based on current rates they would owe $17,975.42 in Federal Income tax: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets

I just can't see that being cost effective unless that person just didn't pay taxes at all.   Especially when you pile on opportunity cost of lost wages, mental health, and time of the person being audited.

Sure our tax system is so complicated that there are probably Billions of dollars under/over paid every year by that very large group of people making less than $400k, but that's the fault of the jacked up system more than it is attempts to defraud.


Median income of an agent is 50k. Add 20% for benefits. So, 60k/2k hours in a work year = 30/hr. On top of that you can add all of the office overhead behind that agent. If the agent spends 2 weeks doing an audit, they're going to have to find errors to the tune of a couple of grand just to break even. The average shmoe filing a 1040ez or 1040a isn't going to have that kind of error. Heck, more than 40% of Americans have no federal tax liability of all.

I assume that this is all income and not just earned income. A well-off middle aged couple sitting on a $4M-5M nest egg (with say 10% of that tied up in home equity), not yet retired, may see spikes in their income, on paper, due to gains realized from movement in their portfolio. But, they're still unlikely to see 400k in AGI in any given year.

We're talking about 1-2%ers here.
 
2022-08-11 9:42:12 AM  

The Reverend Sam Hill: KCinPA: From TFA,

"One noteworthy point is that the IRS has recently focused its recent enforcement efforts on two groups: Wealthy taxpayers and low-income households.
In fact, households with less than $25,000 in annual earnings are five times as likely to be audited by the IRS as everyone else"

So audits won't increase on the poors because they already 5 TIMES higher than everyone else. GTFO

Also RWNJs: "Eleventy billion percent of households pay NO TAXES! We need to tax the living schitt out of those damn poors! That'll larn 'em to be poor!"


TrollingForColumbine: they target poors driving 3yo mercedes and new ford raptors. IOW tax cheats.

 
2022-08-11 9:42:18 AM  

DoBeDoBeDo: thealgorerhythm: DoBeDoBeDo: I never understood auditing tax payers that make less than $400/$500k anyway.

What is the actual ROI of that?  Seriously, let's say you audit someone whose taxable income is $100k.  Based on current rates they would owe $17,975.42 in Federal Income tax: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets

I just can't see that being cost effective unless that person just didn't pay taxes at all.   Especially when you pile on opportunity cost of lost wages, mental health, and time of the person being audited.

Sure our tax system is so complicated that there are probably Billions of dollars under/over paid every year by that very large group of people making less than $400k, but that's the fault of the jacked up system more than it is attempts to defraud.

Have you ever cheated on your taxes?

Not that I know of, that was kind of my point.

Though I did once mix up the digits on the cents part of a check written to pay personal property tax.   Paid .36 instead of .63.   The county sent a Deputy to my house with a subpoena to pay within 60 days or go to court over the 27 cent debt that I owed.   At a time when stamps were .25.  Even sending me a letter would have cost them more than they got back, but they chose to send a Deputy.   So yeah, our tax dollars don't always go to the best uses.


So there's their ROI.

I've never cheated on my taxes either. And just to be clear I agree with the threadjacker earlier that I like to pay my taxes and have them support public services.

But if I could get away with paying less or no taxes without any fear of legal trouble ... I like to think I'm moral enough to pay my share, but maybe not.
 
2022-08-11 9:42:53 AM  
I guarantee if I got audited they would owe me a refund.  I do my own taxes, not very expertly.
 
Displayed 50 of 71 comments


Oldest | « | 1 | 2 | » | Newest | Show all


View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking




On Twitter


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.