Republicans don’t admit the goal of their proposal is to leave the IRS unable to audit the rich. What they say instead is that the Democratic plans would actually target the non-rich. The basis of these claims is nonsensical, writes jonathanchait
Analyses of the new provisions don’t exactly inspire confidence that things will be any different. John Fund“The Tax Foundation projects that most of the additional audits will be executed on those making between $75,000 and $200,000 annually. The Senate rejected an amendment from Senator Mike Crapo that would explicitly limit audits and enhanced enforcement to taxpayers and companies making more than $400,000 annually.
And it is definitely true that rich people have lawyers and accountants. There is a mismatch between the resources available to wealthy tax cheats and those available to the officials dedicated to catching them. This is exactly why the IRS needs to hire its own accountants to audit them. Hochman is defending a plan to continue reducing the IRS’s resources, giving the rich an even bigger advantage.
I reached out to Fund to ask where he got this information. He told me he was traveling in Japan this week and didn’t have the information.
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