𝚃𝚑𝚎 𝙸𝚁𝚂 𝙰𝚞𝚍𝚒𝚝𝚒𝚗𝚐 𝙵𝚎𝚠𝚎𝚛 𝙼𝚒𝚕𝚕𝚒𝚘𝚗𝚊𝚒𝚛𝚎𝚜 𝙸𝚗 𝚁𝚎𝚌𝚎𝚗𝚝 𝚈𝚎𝚊𝚛𝚜
Surely a strong contender for everyone's least favorite time of year — tax season in the US is fast approaching.
Filing the paperwork is enough of a headache, but nothing is as stressful as getting that letter from the IRS telling you that you're being audited, just to check everything was reported correctly — which it often wasn't.
The head of the IRS estimates that the US government is missing out on some $1 trillion due to unpaid taxes every year. That's just shy of $4,000 for every adult in the country — and the IRS doesn't have the resources to find the missing money.
Since 2010 the IRS has seen its headcount dwindle, while the number of US taxpayers has gone up. That's meant fewer resources for auditing — which has been particularly apparent at the high-income end of the spectrum.
𝙲𝚑𝚊𝚛𝚝𝚛 | 𝙳𝚊𝚝𝚊 𝚂𝚝𝚘𝚛𝚢𝚝𝚎𝚕𝚕𝚒𝚗𝚐
