The Top 0.5% Underpay $50 Billion a Year In Taxes and Crushed the IRS Plan to Stop Them — ProPublica

From the article:

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.

Source: The Top 0.5% Underpay $50 Billion a Year In Taxes and Crushed the IRS Plan to Stop Them — ProPublica

I’m an auditor, and people don’t understand that politics play into what we can find, report, and do. It comes into play with policies on what we are allowed to dig into and what levels of reporting we can use when we find a problem.

This article is a case study in how money and politics can remove auditors from the job. If you remove the auditors, you remove any possibility of oversight into impropriety because you have nobody to find the issues.

This is literally how the rich avoid paying their share of taxes, which is often less than the taxes you and I have to pay.

Obviously I’m a rule follower and as an auditor I have a total issue with this.