April 13, 2008
-- by Dave Johnson
The IRS's scrutiny of the biggest U.S. companies is running at a 20-year low, according to the study, conducted by Transactional Records Access Clearinghouse, or TRAC, a research group affiliated with Syracuse University.Did you know that our debt under Bush is getting pretty close to ten TRILLION dollars?
The study, made public Sunday, points to "a historic collapse in audits." It found that major corporations - defined as those with assets of at least $250 million - have about a one in four chance of being audited, down from about three in four in 1990.
Individuals have about a 10 percent chance of being audited, more than double the odds in 2000, according to the IRS.
Posted by Dave Johnson at April 13, 2008 10:32 PM
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