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submitted 1 year ago by MicroWave@lemmy.world to c/news@lemmy.world

Americans failed to pay $688 billion in taxes on their 2021 returns, a record level, according to a new estimate from the IRS. The agency said that it is taking "urgent" steps to increase compliance such as auditing more high-income taxpayers as well as businesses and partnerships.

The $688 billion estimate reflects the first time the IRS is providing information about the so-called tax gap on an annual basis, with the agency noting in a Thursday statement that it plans to continue providing the data on a yearly basis. The number reflects an increase of more than $138 billion from estimates for tax years 2017 to 2019, the agency said.

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[-] joeyv120@ttrpg.network 85 points 1 year ago

So they're gonna focus on auditing rich people and corporations, right?

[-] Ep1cFac3pa1m@lemmy.world 62 points 1 year ago

The agency said that it is taking "urgent" steps to increase compliance such as auditing more high-income taxpayers as well as businesses and partnerships.

Straight from the article

[-] Empricorn@feddit.nl 5 points 1 year ago

I like them saying they'll do it. I'll like it even more if they actually do! There's a reason they target lower income people without scummy lawyers on retainer: doing the right thing (and funding our government) is hard. We'll be watching...

[-] rebul@kbin.social -2 points 1 year ago

Did the article define 'high-income taxpayer"?

[-] Eheran@lemmy.world 7 points 1 year ago

Hard to do when they get defunded etc.

[-] 2Xtreme21@lemmy.world 3 points 1 year ago

lol, good one

[-] OldWoodFrame@lemm.ee 67 points 1 year ago

"Expect more audits" ...for people who earn $400k and up.

So basically normal people don't have to expect any changes, a bunch of rich peoples' accountants do.

[-] CADmonkey@lemmy.world 22 points 1 year ago

Oh noooo

Anyway.

[-] Pyr_Pressure@lemmy.ca 8 points 1 year ago

That's $2000 per American (including children and elderly)

How does that happen?

[-] NaibofTabr@infosec.pub 24 points 1 year ago

Wealth disparity.

[-] Treczoks@lemmy.world 6 points 1 year ago

They say that each and every capable person put into the tax audit department will be a money making machine for the IRS. Maybe it's time to test this myth.

[-] seaQueue@lemmy.world 4 points 1 year ago

I'm all about anti corruption campaigns. We could have actually functional infrastructure and healthcare if the wealthy actually paid their taxes.

this post was submitted on 13 Oct 2023
167 points (98.3% liked)

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