![]() Wealthy people’s tax returns are complex, and their income is often hard to trace because of complicated, multi-layered ownership structures, requiring highly trained auditors to review and audit their returns. The audit rates of millionaires fell by more than 80 percent between 20. A severely under-resourced IRS couldn’t answer honest tax filers’ phone calls or challenge wealthy tax cheats, with the latter problem a major factor in the roughly half-trillion-dollar annual tax gap.
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