Audits Of The Rich Go Up 84%
So much for Obama’s talking point about “the rich” getting special tax treatment under President Bush:
In 2007, [IRS] audits of people who earned more than $1 million increased 84%. And last October, the government launched a program to get foreign golfers, tennis players and musicians to pay taxes on their U.S. tournament winnings and music sales.
Everyone should follow the law and pay their taxes, but we should also remember that audits cost the taxpayers money. More money, I’m sure, than audits ever retrieve in unpaid taxes.
So the real solution to the “tax gap” Democrats are always on about, which is the difference between taxes that were paid and taxes that should have been paid, is not more enforcement but rather a simpler tax code.
