U.S. IRS audited fewer wealthy Americans in 2013

[n2doc]

The U.S. Internal Revenue Service said on Friday that it audited fewer high-income Americans in 2013 than it did in 2012 or 2011, while it conducted more audits of people with no income.

Total audits fell by 5 percent from 2012 to reach the lowest level since 2008 as the IRS said it coped with budget cuts.

For the fiscal year that ended September 30, 2013, the IRS said it audited 24.2 percent of individual tax returns with adjusted gross income of $10 million or more. That was down from 27 percent in 2012 and 30 percent in 2011.

There were also fewer individual tax returns audited in the $5 million to $10 million gross income band, the IRS said.

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http://www.reuters.com/article/2014/03/21/us-usa-tax-audits-idUSBREA2K1YY20140321?feedType=RSS&feedName=topNews

[Jesus Malverde]

1. Life is good for the Uber rich...nt

[2pooped2pop]

2. why bother auditing the rich?

they have already bought the laws to make everything they do deductible. If the law isn't bought yet, they have too much money to fight the IRS with.

But hey, those middle class people still have a dollar or two that they can get.