Less Bang For The Buck

Only 30 out of more than 180,000 Millionaires Faced Traditional IRS Audits Last Year
"New data from the IRS reports that only 30 of the nation's 180,000 plus millionaires were subject to face-to-face audits in FY 2005. Analysis by Syracuse University's Transactional Records Access Clearinghouse (TRAC) also shows that when only traditional face-to-face audits are considered, those reporting less than $25,000 in total positive income were six times more likely to be audited than all those reporting $200,000 or more in income. IRS continues to withhold from TRAC statistical data it has made public in the past that might explain the aberration."