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Metropolitan DC Local Politics
Reply to "Riders refuse to pay on more than one-third of all Metrobus trips"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If it’s about money wouldn’t it bring more money in if we audited more peoples taxes since we know people are fraudulent on paying all the taxes.[/quote] Tax audits are expensive for the IRS to conduct, even more so during the pandemic, so auditing more people wouldn't necessarily bring in more money. There's also the fact that if they increased audits they would catch far more lower-income people -- who are more likely to do taxes themselves and make honest mistakes that would trigger an audit -- than higher-income people, who have the financial means to have their taxes done by an accountant.[/quote] Nonsense. You can set a dollar value to trigger an audit. No one wants to go after people for a few hundred dollars caused by an honest mistake. The IRS has been defunded to such an extent that a small investment in additional audits brings in very large amounts of money. We are well below the point where an additional dollar spent on an audit of the rich would bring in less than a dollar of additional revenue. Look at page 306 of the link below to see the CBO's estimates of the returns to higher spending on IRS enforcement: https://www.cbo.gov/system/files/2019-06/54667-budgetoptions-2.pdf[/quote]
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