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Great idea to reduce Federal Budget Deficit

By: weco in FFFT | Recommend this post (0)
Mon, 23 Jan 12 1:35 AM | 56 view(s)
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Msg. 38290 of 65535
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Hire more IRS auditors.

http://www.huffingtonpost.com/2012/01/18/irs-auditors_n_1210181.html


IRS's Corporate Auditors Find $9,354 Of Additional Taxes Owed Per Hour Worked


IRS data show that auditors assigned to the 14,000 or so largest corporations found $9,354 of additional tax owed for every hour spent testing tax returns in the 2009 fiscal year. The highest-paid IRS auditors make $71 an hour. Based on a 2,080-hour work year, that works out to around $19 million of lost revenue annually for every senior corporate auditor position cut from the payroll.

WHY CUT?

It makes no economic sense to trim the ranks of auditors who generate more than a hundred times their annual salaries. Run a business that way and you go broke.

Just more evidence that GOP Tea-Baggers who want to cut the IRS budget are bad at math.


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