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How the Ultra-Rich Beat Back the IRS's Attempt to Truly Audit Them


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#1 LFC

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Posted 05 April 2019 - 02:47 PM

Apparently the IRS took a swing under Obama with a specialized team. They lost. Then Republicans cut their budget even more to make sure they couldn't do it again. Yep, these are the people who are supposedly sticking up for the average American.

Quote

The IRS’ new approach to taking on the superwealthy has been stymied. The wealthy’s lobbyists immediately pushed to defang the new team. And soon after the group was formed, Republicans in Congress began slashing the agency’s budget. As a result, the team didn’t receive the resources it was promised. Thousands of IRS employees left from every corner of the agency, especially ones with expertise in complex audits, the kinds of specialists the agency hoped would staff the new elite unit. The agency had planned to assign 242 examiners to the group by 2012, according to a report by the IRS’ inspector general. But by 2014, it had only 96 auditors. By last year, the number had fallen to 58.

The wealth squad never came close to having the impact its proponents envisaged. As Robert Gardner, a 39-year veteran of the IRS who often interacted with the team as a top official at the agency’s tax whistleblower office, put it, “From the minute it went live, it was dead on arrival.”

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