this post was submitted on 01 May 2025
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As a rule of thumb the IRS won't audit anybody they can't recoup more from than the cost of the audit. Maybe $20,000 maybe $40,000.
Obviously, the number should be on the higher end because now the IRS is short staffed.
They also won't audit you if your rich, so there is a nice middle-class sweet spot they can exploit. If your poor though, they may try to still come after you so they can throw you in jail for some of that cheap labor for tax evasion.
Under the Biden administration, as a result of the inflation reduction act, the IRS audited the rich and saw large increases in revenue as a result.
~The IRS
Thank you Mr. Trump for protecting the Millionaire and Billionaire class.