IRS Intensifies Scrutiny of the Rich


In a move seen as honoring the pledge by its commissioner, Doug Shulman, the IRS has issued more audits of wealthy taxpayers last year. In its annual data release released last Thursday, the records show that the agency called for 33% more audits of those earning between $1 million and $5 million compared to 2008 whereas the category of those earning between $5 million and $10 million experienced an increase of 16% in the number of audits. The number of audits of taxpayers earning at least $10 million per year rose by 8.5% in 2009. The percentage increase of those earning at least $10 million is the lowest because many of these super rich Americans are already being audited every year.

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