21.7.08

What Are The Odds...

of an individual taxpayer in the U.S. getting audited this year by the I.R.S.? 10%

What was the odds of an individual taxpayer getting audited in 2000? 5%

What are the odds of a corporation that has assets above $250 million getting audited this year by the I.R.S.? 25%

What was the odds of a corporation that has assets above $250 million getting audited in 1990 by the I.R.S.? 75%

The more assets the company has, the least likely the company is to be audited.

Last year the I.R.S. brought in an additional $59 billion (with a "B") in tax revenue from companies that WERE audited.

$359 billion in tax revenue is brought in by corporations yearly. An additional $60 billion is caught by the I.R.S. That means 15% of yearly corporate tax revenue was trying to be hidden from the I.R.S.

And with the lack of oversight by the I.R.S. over those corporations, who knows how much more tax revenue is not being caught by the I.R.S. This isn't additional money the I.R.S. is sqeezing from them, it is what corporate America is supposed to pay.

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