January 6, 2012
collector likely won’t be knocking at your door if you make less than
the U.S. Internal Revenue Service audited 12.48 percent of individuals
upwards of $1 million, according to data the agency released Thursday.
from the 8.4 percent audited in that bracket the previous year and well
the 5.87 percent average examined from 2004 to 2009.
rate for millionaires is in stark contrast to that of individuals
making less than $200,000. Only 1.02 percent of that income group was
last year, relatively unchanged from the 1.04 percent examined the
making more than $200,000 the odds of being audited increase slightly
percent, up from 3.1 percent in 2010.
agency’s tiered auditing efforts also carry over to businesses.
corporations with assets greater than $10 million, 17.64 percent were
in 2011, compared to 16.58 percent in 2010.
corporations with assets less than $10 million, 1.02 percent had their
examined, up from 0.94 percent in 2010.
and other articles at the Dayton Business Journal