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Market
Public perception of IRS by end of 2024
5
Resolution / Starting Odds
Significantly improves • 33%
No significant change • 33%
Worsens • 34%
Public opinion polls or major survey results
Story
IRS to Boost Audit Rates by 50% for Wealthy, Tenfold for Large Partnerships
May 2, 2024, 07:40 PM
The IRS has announced plans to significantly increase its audit rates, targeting wealthy taxpayers and large corporations. According to a strategic plan update, the agency aims to more than double the audit rate for the wealthiest taxpayers by 50% and nearly triple it for large corporations with assets over $250 million. Additionally, audit rates for large, complex partnerships with assets over $10 million are set to increase tenfold. IRS Commissioner Danny Werfel emphasized that the initiative is designed to crack down on tax cheats and enhance revenue for the U.S. Treasury, although not all taxpayer groups will face increased scrutiny.
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Majority views negatively • 50%
Majority views neutrally or positively • 50%
Significantly less favorable • 25%
Somewhat less favorable • 25%
No change • 25%
More favorable • 25%
Majority Support • 33%
Divided Opinion • 33%
Majority Opposition • 33%
Significantly increased compliance • 33%
Moderately increased compliance • 34%
No change in compliance • 33%
Improved significantly • 25%
Improved slightly • 25%
No significant change • 25%
Worsened • 25%
Increase in compliance staff and measures • 25%
Public opposition or lobbying against the audits • 25%
Legal action taken against the IRS • 25%
No significant change • 25%
Majority Support • 33%
Majority Oppose • 33%
Evenly Split/Undecided • 34%
Majority Support • 33%
Majority Oppose • 33%
No Clear Majority • 34%
Increased positive perception • 33%
No significant change in perception • 33%
Increased negative perception • 34%
