The Internal Revenue Service detailed its plans Thursday to significantly ramp up audit rates of wealthy taxpayers and large corporations, using funds provided by the Democrat-backed Inflation Reduction Act that passed in 2022.
Audits of taxpayers making more than $10 million will go from 11% of audits to 16.5%.
So the number of audits of individuals making more than $10 million will go from about 64,000 to about 96,000, if the number of audits remained constant.
A 50% increase from 0 is still 0.
If you’re actually curious you can just use the percentage from article and do simple math to find the number.
So IRS completes about 582,944 tax return audits in a year:
https://www.irs.gov/statistics/compliance-presence
Audits of taxpayers making more than $10 million will go from 11% of audits to 16.5%.
So the number of audits of individuals making more than $10 million will go from about 64,000 to about 96,000, if the number of audits remained constant.