We’ve all heard the horror stories, and now we have even more reason to mistrust this arcane system. The New York Times has a piece that covers the
Most people who were flagged were seeking the
Now, here’s the most relevant issue behind this whole shenanigans:
Ms. Olson said the I.R.S. devoted vastly more resources to pursing questionable refunds by the poor, which she said cannot involve more than $9 billion, than to a $100 billion problem with unreported incomes from small businesses that deal only in cash, many of which do not even file tax returns.
One of my mentors once told me that you “pick your lowest hanging apples first”… meaning you pick your most easily accessible bounty of fruit, and once that’s done then you can work on the rest of it. I think we could be more fruitful by focusing on that $100 billion instead of the $9 billion.