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Market
Number of wealthy tax evaders identified by NY AI by end of 2024
5
Resolution / Starting Odds
Under 500 • 25%
500-1000 • 25%
1001-1500 • 25%
Over 1500 • 25%
Year-end report from the New York State Department of Taxation and Finance
Story
New York Deploys AI to Pursue Wealthy Remote Work Tax Evaders
Apr 19, 2024, 10:32 AM
New York State is intensifying its efforts to tax wealthy residents using artificial intelligence (AI). The state tax officials are deploying AI tools to scrutinize individuals who may be evading taxes by falsely claiming a change in residency or by working remotely. This technological approach has been adopted due to a decrease in the number of auditors, a result of budget constraints. The AI systems are generating hundreds of thousands of AI-generated letters targeting these taxpayers, particularly those who are using creative methods to avoid state taxes, including manipulating their presence related to remote work. Some affluent individuals are going to extremes, such as timing their travels to minimize their taxable presence in New York.
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0-10 cases • 25%
11-20 cases • 25%
21-30 cases • 25%
More than 30 cases • 25%
Over 1500 • 25%
1001-1500 • 25%
501-1000 • 25%
500 or fewer • 25%
Less than 500 • 25%
500-1000 • 25%
1001-2000 • 25%
More than 2000 • 25%
Below 500,000 • 25%
500,000 to 750,000 • 25%
750,001 to 1,000,000 • 25%
Above 1,000,000 • 25%
Less than 25% • 33%
25% to 50% • 33%
More than 50% • 34%
0-5 entities • 25%
6-10 entities • 25%
11-20 entities • 25%
More than 20 entities • 25%
Under 10% • 25%
10% to 20% • 25%
20% to 30% • 25%
Over 30% • 25%