President Joe Biden and the Democrats have stated that the reason why the IRS needs 87,000 new agents is to go after billionaires.
However, numerous studies have found that the tax-collecting agency actually targets everyone but wealthy Americans.
It makes sense. It is easier to go after people who don’t possess the same resources as affluent citizens.
The latest report found that black tax filers are nearly five times more likely to be audited by the IRS than other tax filers.
“The disparity is unlikely to be intentional on the part of IRS staff, Ho says. Rather, as the team’s research demonstrated, the racial disparity in audit selection is driven by a set of internal IRS algorithms that Goldin likens to the recipe for Coca-Cola. That is: It’s completely secret,” the Stanford University study noted.
Researchers also came across another interesting piece of information:
“The racial disparity in audit rates persists regardless of whether EITC claimants are male or female, married or unmarried, raising children or childless. But it is most extreme for single male taxpayers claiming dependents (7.73% for Black claimants; 3.46% for non-Black claimants) and for single male taxpayers who did not claim dependents (5.66% for Black; 2% for non-Black).”
Read the full paper: “Measuring and Mitigating Racial Disparities in Tax Audits.”
Now we know why Democrats gave the IRS more money: Democrats, especially President Joe Biden, hate black people.
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