IRS has 76K full time employees doing audits. They collected $12.9 billion in extra taxes last year. When I retired an employee costed the company on average $150K when added in overhead and benefits. 76K * $150 = $11.4 billion. When for factor in the cost of doing the audits it seems there is really no huge windfall to fund social welfare program that the Biden thinks they are going to get by increasing the # of IRS employees to audit the rich. I'm not against increasing the auditing of the rich. You are just not going to get the net $$$ bureaucrats think they are going to get. I'm assuming the currents audits hit the most likely rich filer whose line of work makes it easy to avoid/cheat on taxes. Which means the more audit people you add will like result in lower additional taxes.
https://www.marketwatch.com/story/i...-catch-for-the-rich-11624577761?siteid=yhoof2
https://www.marketwatch.com/story/i...-catch-for-the-rich-11624577761?siteid=yhoof2
