ProPublica is still tracking where every dollar of taxpayer money from the 2008 bailout of the financial system has gone. See for yourself.
Over a decade ago, we started a database to track TARP, the 2008 bailout of the financial system. It turns out bailouts are forever, and we’re still updating the damn thing. So, recently, we decided to give it a makeover.
Congress asked the IRS to report on why it audits the poor more than the affluent. Its response is that it doesn’t have enough money and people to audit the wealthy properly. So it’s not going to.
The move by TurboTax maker Intuit to charge more lower-income customers has helped boost revenue.
As the agency’s ability to audit the rich crumbles, its scrutiny of the poor has held steady in recent years. Meanwhile, a new study shows that audits of poor taxpayers make them far less likely to claim credits they might be entitled to.
In letters to the IRS and the FTC, the senators are seeking inquiries into whether the companies have deceived customers and violated restraint-of-trade laws.
Until the budget-starved agency is restored, corporations and the wealthy will easily fend off attempts to increase the rates they pay.
Si usted reclama el crédito por ingreso del trabajo (Earned Income Tax Credit – EITC), cuyo beneficiario promedio gana menos de $20,000 dólares anuales, tiene una mayor probabilidad de enfrentarse a un escrutinio de parte del IRS comparado con alguien que gane veinte veces más. ¿Cómo es que un beneficio para los trabajadores pobres se ha estado ejecutando en contra de ellos?
An internal document and current and former company employees show the companies steered customers away from the government-sponsored free option and made them pay.
For many people, filing for bankruptcy is a luxury that’s out of reach. A new report by the primary bankruptcy professional organization is full of recommendations that, if implemented, could help change that.
Following up on ProPublica stories about the IRS, lawmakers pressed the commissioner on the agency’s disproportionate focus on auditing the working poor while examinations of the rich plummeted.
Why are the rural poor audited more frequently than other groups, he asks, citing ProPublica. Another Democratic senator adds, “There are two tax codes in America, and there are also two enforcement regimes.”
Ten years ago, the tax agency formed a special team to unravel the complex tax-lowering strategies of the nation’s wealthiest people. But with big money — and Congress — arrayed against the team, it never had a chance.
A new study shows dramatic regional differences in who gets audited. The hardest hit? Poor workers across the country.
Bernie Sanders, Elizabeth Warren and three fellow senators say the agency should do more to tackle financial crimes, even in the face of crippling budget cuts.
If you claim the earned income tax credit, whose average recipient makes less than $20,000 a year, you’re more likely to face IRS scrutiny than someone making twenty times as much. How a benefit for the working poor was turned against them.
An eight-year campaign to slash the agency’s budget has left it understaffed, hamstrung and operating with archaic equipment. The result: billions less to fund the government. That’s good news for corporations and the wealthy.
Millions of low-income families rely on the earned income tax credit. We took an IRS audit notice sent to one taxpayer who’d claimed the EITC and annotated it to help explain what it really means.
Audits and criminal referrals are down sharply since Congress cut the tax agency’s budget and management changed priorities.