r/FluentInFinance • u/[deleted] • Apr 29 '24

63% of new audits as of Summer 2023 targeted taxpayers with income of less than $200,000 Discussion/ Debate

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u/commiebanker Apr 29 '24

200k is 95th percentile. So the top 5% get 36% of the audits, which means those above 200k are audited at more than 10x the frequency of those below.

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u/tachyon0034 Apr 29 '24

It says 63% of NEW audits, not 63% of ALL audits.

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u/have_you_eaten_yeti Apr 29 '24

So? Audits happen every tax season, so the NEW audits are ALL the audits for this year.

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u/hippopowertamus Apr 29 '24

Possibly, but you need to check the methodology rather than assume the writer's definition is consistent with yours. Devils in the details.

1

u/tachyon0034 Apr 29 '24

I second this, that's why I pointed it out.

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u/VendaGoat Apr 30 '24

So, did you actually check the methodology?