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submitted 1 year ago* (last edited 1 year ago) by MollweideianMassacre@lemmy.one to c/news@beehaw.org
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[-] Thebazilly@pathfinder.social 5 points 1 year ago

The IRS generates many times more revenue than its operating cost when they audit wealthy taxpayers.

[-] frozen@lemmy.frozeninferno.xyz 1 points 1 year ago

For some reason, the link was originally only showing me the graph, not the actual article. But thank you for the summary!

[-] BombOmOm@lemmy.world 1 points 1 year ago* (last edited 1 year ago)

Meanwhile, they have started requiring people to disclose even $600/yr income gained from side sources. This is down from the previous requirement of mandating it only if you earn $20,000/yr from side sources.

If they only intend to audit the big guys, why are they suddenly requiring people to report a measly $600/yr in side-income while simultaneously massively beefing up the number of auditors?

this post was submitted on 14 Jun 2023
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