Hacker News new | ask | show | jobs
by whakim 894 days ago
In this particular case, this funding does change that priority. Janet Yellen has instructed that "any additional resources—including any new personnel or auditors that are hired—shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels" [1]. Unfortunately, auditing extremely wealthy individuals is complicated and expensive because you're pitting underpaid and overworked IRS employees against a wildly complicated tax system that is exploited to the max by the super-rich and their well-remunerated tax lawyers.

[1] https://home.treasury.gov/news/press-releases/jy0918