logoalt Hacker News

OkayPhysicistyesterday at 8:14 PM2 repliesview on HN

It's not "going after" the poor. You have to be out-right negligent to end up with any penalty at all, and the penalties involved are relatively small (20% of how much extra you owed them anyway). The vast majority of these low-income audits consist of "hey, we know you made money X, you didn't report it on your taxes. Fix it".


Replies

trelaneyesterday at 9:11 PM

Cheating on tax credits also comes to mind

hsbauauvhabzbyesterday at 8:46 PM

‘We know you’re trying to survive in your low income, but we want to extract more money from you so the billionaires don’t have to pay as much tax’

show 1 reply