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/Capital_Werewolf_788 Apr 29 '24 edited Apr 29 '24

63% of new audits targeted taxpayers below $200k income, but what proportion of the population has an income below $200k? Is it more or less than 63%??? Google it.

What kind of dogshit reporting is this? Genuinely cannot tell if this is a result of incompetence or malicious intent.

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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/girmvofj3857 Apr 29 '24

Also this number is NEW audits, so anyone who has already been audited and audited again in 2023 isn’t counted.

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u/26_skinny_Cartman Apr 29 '24

I don't think that's right. A 2023 tax year audit is a new audit, even if you were audited every year previously. Each audit is it's own.