Why Poorer Americans Are More Likely To Get Audited Than The Rich

The video discusses the challenges of tax filing, highlighting the IRS's focus on auditing lower-income individuals due to limited resources. It explains the disparity in audit rates between the rich and the poor, driven by budget cuts and reduced enforcement personnel. Despite a slight budget increase for 2022, significant changes in auditing fairness remain uncertain.

What are the expected outcomes for the rich regarding tax audits in the next decade?

What potential changes could occur in the auditing process with the IRS budget increase?