Tax Audits
* Kevin Phillips (Opinion, April 16) says that many middle-class and upper-middle-class breadwinners, “particularly two-income couples, are paying at higher marginal rates than $20-million-a-year corporate CEOs or the insta-millionaires of the Internet.” Phillips goes on to say that the share of total federal tax payments by corporations has plummeted.
A front-page article the same day states that “last year, the IRS audited 1.36% of taxpayers with incomes under $25,000, compared with 1.15% of taxpayers with incomes over $100,000.” Something is terribly wrong with this picture. Something is askew. What is going here? And why? What are the political ramifications?
FRANK S. MORRIS
Westminster
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