Rich Fraud, Poor Fraud: The GOP's Double Standard On Tax Mistakes
Their new tax bill lavishes breaks on businesses that underpay what they owe.
WASHINGTON ― The Republican tax bill would provide new tax breaks for businesses ― many of which already shirk taxes on a massive scale. At the same time, in the name of fraud prevention, the bill could create new obstacles for poor people who claim a tax credit designed to boost their pay and nudge them out of poverty. The IRS already audits poor people quite often. Of the 1.2 million audits the IRS conducted last year, more than 400,000 targeted filers with annual incomes of less than $25,0...
Read more news from HuffingtonPost