The IRS announced it will begin increasing audit rates for high-earning Americans making more than $100,000 a year. FOX13
BRAZIL - 2022/05/22: In this photo illustration, the homepage of the Internal Revenue Service website seen on a computer screen through a magnifying glass. The IRS has been increasing its audit rates for earners making $100,000 or more based on data starting from the 2021 fiscal year.
"Audit rates for taxpayers with incomes of more than $200,000 decreased the most, largely because higher-income audits tend to be more complicated and require auditors to manually review multiple issues," Ken Corbin, chief taxpayer experience officer for the agency, told the House Oversight Subcommittee in May.found that IRS audits overall declined by 44% between the fiscal years of 2015 and 2019.
The most recent announcement by the IRS comes as Democratic leaders push to boost taxes on some high earners and use the money to extend the solvency of Medicare. That would raise an estimated $203 billion over a decade, which Democrats say would be used to delay until 2031 a shortfall in the Medicare trust fund that pays for hospital care. That fund is currently projected to start running out of money in 2028, three years earlier.
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