IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes.
IRS leadership on Thursday announced that the agency has recovered $4.7 billion in back taxes and proceeds from a variety of crimes.
You’re off by a factor of roughly 1000. US collected 4.7 trillion in taxes last year.
Except not really. Most tax revenue requires no audit investigation at all, it is just from regular correct filings.
From the audits, the return on investment for those 1%er investigations is probably that large compared to going after the average citizen. The average person simply doesn’t make enough to try and hide millions from the IRS in the first place.