Home Politics Tax audits plummet amid IRS budget cuts

Tax audits plummet amid IRS budget cuts

10
0
SHARE

Budget cuts have hollowed out the IRS’s enforcement abilities, leaving tens of billions of dollars in money that’s owed to Uncle Sam and could have been collected, had Capitol Hill ponied up, the Congressional Budget Office said Wednesday.

The wealthy have benefitted the most, with audits of millionaires peaking above …