THE HILL
Stop the dangerous rhetoric: The truth about IRS funding
David F. Eisner
August 24, 2022

…On the Democratic side, Senate Majority Leader Chuck Schumer (N.Y.) recently asserted that “[t]he Trump administration did a despicable thing. They didn’t audit anybody who made over one million dollars, and they said if you made $40,000 we’re going to audit you, because there is fraud in the earned income tax credit.” Schumer should know better. In the final year of the Trump administration, 8.6 percent of the highest earners — those making more than $10 million — were audited, as were 5.1 percent of those earning $5 to $10 million and 2.5 percent of those earning $1 to $5 million. These were the highest percentages in more than a decade (including the Obama years). Moreover, these percentages are six to 20 times greater than the percentage of taxpayers earning $25,000 to $500,000 who were audited. READ MORE