TAXES….These numbers on IRS audits are really pretty remarkable:
Only 0.73 percent of business tax returns were audited in the fiscal year that ended Sept. 30, down from 0.88 percent in the previous year, TRAC found. In 1997, 2.62 percent of business tax filers could expect to be audited.
That’s a 70% decrease in the audit rate on business tax returns in only seven years. Why, you’d almost think Republicans didn’t want businesses to pay their taxes.
Hmmm. I think I better read David Cay Johnston’s Perfectly Legal…..