The Money Trail 0
Rashmi Rangan and James Angus suggest that the IRS is doing a rather poor job of following the money. Here are a couple of bits from their article:
(snip)
The IRS follows a different strategy for the cash in the cabanas of the fortunate 700,000 club, those filers reporting total positive income of over $1,000,000. Last year for this group, about 687,000 rated nary a bother from the IRS. Apparently the use of multiple schedules for descriptions of enormous sums of money moving in myriad directions through various iterations triggers no corresponding curiosity on the part of the IRS. Too weedy, too slow, too complex.
Aside:
Methinks this disparity may shed some light on the Republican Party’s fervent opposition to President Biden’s desire to fund the IRS at a reasonable level.
