Monday, January 09, 2023

Biden's political weapon!-----In 2022, the IRS Went After the Very Poorest Taxpayers

In 2022, the IRS Went After the Very Poorest Taxpayers 
  • Despite $80 billion in new funding, the agency is living up to its reputation of hassling low-income taxpayers over rich people.
"On Wednesday, Syracuse University's Transactional Records Access Clearinghouse (TRAC) released data provided to it by the Internal Revenue Service (IRS) on audits performed by the agency in fiscal year 2022. 
Despite the infusion of new funding earmarked for the IRS via last year's Inflation Reduction Act, the agency continued historic trends of hassling primarily low-income taxpayers, with relatively few millionaires and billionaires getting caught up in the audit sweep...

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