IRS only audits .5% of returns

[JEDI]

CNN

220M returns
1.2M audited
221k of those audited earned over $100k

thus .1% overall chance to be audited if over 100k
.4% overall chance to be audited if under 100k

The rich get away again

 

[RGUN]

Originally posted by: JEDI
CNN

220M returns
1.2M audited
221k of those audited earned over $100k

thus .1% overall chance to be audited if over 100k
.4% overall chance to be audited if under 100k

The rich get away again

Or could it just mean that 80% of the population make under 100,000 / year....

 

[her209]

Taxes should be on a volunteer basis.

 

[Zolty]

How about this, don't cheat on your taxes and you won't get audited.

 

[spidey07]

Originally posted by: RGUN
Or could it just mean that 80% of the population make under 100,000 / year....

You stop with things like facts. Just stop.



Of course this is the reason.

JEDI, look at the tax rates. Making a good chunk of change means you get raped in taxes.

 

[JS80]

Originally posted by: JEDI
CNN

220M returns
1.2M audited
221k of those audited earned over $100k

thus .1% overall chance to be audited if over 100k
.4% overall chance to be audited if under 100k

The rich get away again

lol...or it means people who cheat on taxes bring their incomes lower than it really is.

 

[chambersc]

Originally posted by: Zolty
How about this, don't cheat on your taxes and you won't get audited.

or if you do, you have nothing to worry about.

this is just like apr...I don't give a flying crap about APR on my CCs since I don't carry a balance.

 

[Queasy]

The IRS usually only audits returns that throw up red flags anyways. If you're "rich" you more than likely have hired someone to do your returns for you and are therefore less likely to have red flags (unless you hired Wesley Snipes' accountant).

 

[spidey07]

Originally posted by: Queasy
The IRS usually only audits returns that throw up red flags anyways. If you're "rich" you more than likely have hired someone to do your returns for you and are therefore less likely to have red flags (unless you hired Wesley Snipes' accountant).

Yet another factual fact.

Well done. This nonsense should soon be squashed.

 

[Whoozyerdaddy]

Originally posted by: JEDI
CNN

220M returns
1.2M audited
221k of those audited earned over $100k

thus .1% overall chance to be audited if over 100k
.4% overall chance to be audited if under 100k

The rich get away again

Those making over $100k represent about the top 10% of filers. That means that the rate for auditing for those who earn more than $100k is double that of the folks making less than $100k.

The "rich" are getting hit twice as hard. So don't fret.

 

[JLGatsby]

Originally posted by: JEDI
The rich get away again

Maybe your lack of logic/math skills is the reason why you're not one of the "rich."

 

[JS80]

Originally posted by: JLGatsby

Originally posted by: JEDI
The rich get away again

Maybe your lack of logic/math skills is the reason why you're not one of the "rich."

:laugh: ...:thumbsup:

 

[IronWing]

Originally posted by: Whoozyerdaddy


Those making over $100k represent about the top 10% of filers. That means that the rate for auditing for those who earn more than $100k is double that of the folks making less than $100k.

The "rich" are getting hit twice as hard. So don't fret.

Good. They need to nail the rich because that is where the money is. Auditing poor people is a waste of tax dollars. Of course, if the rich are really good at cheating they might look poor so, well crap.

 

[spidey07]

Originally posted by: ironwing
Good. They need to nail the rich because that is where the money is. Auditing poor people is a waste of tax dollars. Of course, if the rich are really good at cheating they might look poor so, well crap.

I would hardly call the middle class "poor"

The sure fire way to get audited is to NOT report taxible income, not by claiming legal deductions.

 

[theknight571]

LOL...I don't fit that >$100K profile... yet the IRS is after me for $500 from a tax return 3-4 years ago.

It was a simple mistake on my part... it just took them 3-4 years to find it.

Now I just need to hold them off until we get this years return (assuming they don't just take it outta that)

 

[BD2003]

Originally posted by: Whoozyerdaddy

Originally posted by: JEDI
CNN

220M returns
1.2M audited
221k of those audited earned over $100k

thus .1% overall chance to be audited if over 100k
.4% overall chance to be audited if under 100k

The rich get away again

Those making over $100k represent about the top 10% of filers. That means that the rate for auditing for those who earn more than $100k is double that of the folks making less than $100k.

The "rich" are getting hit twice as hard. So don't fret.

Ya, OP has it backwards.

 

[JEDI]

Originally posted by: JLGatsby

Originally posted by: JEDI
The rich get away again

Maybe your lack of logic/math skills is the reason why you're not one of the "rich."

Great ASSumption

 

[JEDI]

Originally posted by: Whoozyerdaddy

Originally posted by: JEDI
CNN

220M returns
1.2M audited
221k of those audited earned over $100k

thus .1% overall chance to be audited if over 100k
.4% overall chance to be audited if under 100k

The rich get away again

Those making over $100k represent about the top 10% of filers. That means that the rate for auditing for those who earn more than $100k is double that of the folks making less than $100k.

The "rich" are getting hit twice as hard. So don't fret.

Got a link $100k+ make up 10% of filers?

 

[Wreckem]

Originally posted by: theknight571
LOL...I don't fit that >$100K profile... yet the IRS is after me for $500 from a tax return 3-4 years ago.

It was a simple mistake on my part... it just took them 3-4 years to find it.

Now I just need to hold them off until we get this years return (assuming they don't just take it outta that)

The IRS avg audit time is 5 years.

 

[PlatinumGold]

Originally posted by: JEDI

Originally posted by: Whoozyerdaddy

Originally posted by: JEDI
CNN

220M returns
1.2M audited
221k of those audited earned over $100k

thus .1% overall chance to be audited if over 100k
.4% overall chance to be audited if under 100k

The rich get away again

Those making over $100k represent about the top 10% of filers. That means that the rate for auditing for those who earn more than $100k is double that of the folks making less than $100k.

The "rich" are getting hit twice as hard. So don't fret.

Got a link $100k+ make up 10% of filers?

Originally posted by: JEDI
The rich get away again


Maybe your lack of logic/math skills is the reason why you're not one of the "rich."


Great ASSumption

speaking of ASSumptions.

you ASSUMED many things about the statistics you quoted WITHOUT confirming them and then drew conclusions WITHOUT knowing for sure whether or not your ASSumptions were accurate.

check the numbers and you tell me WHERE in the numbers you quoted you see a statistic that tells us what the ratio of incomes of $100k+ vs less than $100k is?

if you don't know this ratio, how can you conclude it's 4:1 as you claim?

 

[spidey07]

Originally posted by: JEDI
Got a link $100k+ make up 10% of filers?

god dang it.

Have you never filed taxes? There's this site called IRS.GOV.

I suggest you visit it and learn something. The biggest problem is you think people making over 100K are "rich" Thats very far from the truth.

Have you looked up the tax rates yet? Have you?

Do you realize how much people making 130K plus per year pay?
Have you seen the rapage?
Do you realize that 100K per year is not that much of an income in todays economy?

My guess is no, no, no, no you don't understand.

 

[FoBoT]

what a crappy thread
don't hate on the IRS

 

[chuckywang]

Originally posted by: RGUN

Originally posted by: JEDI
CNN

220M returns
1.2M audited
221k of those audited earned over $100k

thus .1% overall chance to be audited if over 100k
.4% overall chance to be audited if under 100k

The rich get away again

Or could it just mean that 80% of the population make under 100,000 / year....

FTW!!

 

[Apex]

Originally posted by: spidey07

Originally posted by: Queasy
The IRS usually only audits returns that throw up red flags anyways. If you're "rich" you more than likely have hired someone to do your returns for you and are therefore less likely to have red flags (unless you hired Wesley Snipes' accountant).

Yet another factual fact.

Well done. This nonsense should soon be squashed.

Ah, the optimism of youth.

 

[Azndude51]

This thread reminds me of Stranger than Fiction since Will Ferrel's character works for the IRS.

Originally posted by: her209
Taxes should be on a volunteer basis.

I think an interesting concept would be to have taxes required like they are, but let people choose what they want their taxes used for, such as education, defense, environmental protection, etc. Of course it would never work since people would put too much money into different areas and not enough into some, but it would be interesting to see exactly what different people would choose and which area would get the most money.