Chapter
The IRS' Plan to Audit Wealthy Americans
1:19:13 - 1:23:40 (04:26)
The IRS plans to increase audits on wealthy Americans to collect unpaid taxes, but some argue that building software to guarantee only those who should be audited are would be more cost-effective.
Clips
The Republicans introduced an amendment to prevent the new 87,000 IRS agents from conducting audits on people making less than $400,000 a year, as they know that there will be new audits on small business owners and people running service businesses who may not be accounting for their books properly.
1:19:13 - 1:21:42 (02:28)
Summary
The Republicans introduced an amendment to prevent the new 87,000 IRS agents from conducting audits on people making less than $400,000 a year, as they know that there will be new audits on small business owners and people running service businesses who may not be accounting for their books properly.
ChapterThe IRS' Plan to Audit Wealthy Americans
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The proposed $80 billion increase on the IRS budget will focus on auditing middle class and upper middle class individuals, however, a more effective solution could be building software that guarantees only those who need to be audited are and using machines to find tax leaks.
1:21:42 - 1:23:40 (01:58)
Summary
The proposed $80 billion increase on the IRS budget will focus on auditing middle class and upper middle class individuals, however, a more effective solution could be building software that guarantees only those who need to be audited are and using machines to find tax leaks.