Yellen directs IRS not to increase chances of audits of Americans making less than $400,000

[LetMyPeopleVote]

This is why the GOP is so unhappy with the increased funding for the IRS

Link to tweet

https://www.cnn.com/2022/08/10/politics/yellen-new-irs-funding-audits/index.html

Treasury Secretary Janet Yellen on Wednesday directed the Internal Revenue Service not to use any of the new funding allocated in the Democrats' new health care and climate bill to increase the chances of Americans making less than $400,000 a year getting audited, according to a copy of the letter obtained exclusively by CNN.

The letter to IRS Commissioner Charles Rettig comes amid attacks from Republicans that the $80 billion the Inflation Reduction Act would give to the IRS over the next 10 years would result in more middle-class Americans and small businesses getting audited. The Biden administration has repeatedly said the IRS would focus on increased enforcement activity on high-wealth taxpayers and large corporations and not target households who earn less than $400,000 a year.

"Specifically, I direct that any additional resources—including any new personnel or auditors that are hired—shall not be used to increase the share of small business or households below the $400,000 threshold that are audited relative to historical levels," Yellen wrote in the letter to Rettig. "This means that, contrary to the misinformation from opponents of this legislation, small business or households earning $400,000 per year or less will not see an increase in the chances that they are audited."

Enforcement resources, Yellen said, will instead "focus on high-end noncompliance."

[SheltieLover]

1. Qpuke heads will explode

They want audits of single parents & low wage workers only.

[MichMan]

2. I dont think any income level should be given a free pass to cheat on paying taxes.

Including income, SS and Medicare taxes.