For every $1 the federal government spends auditing the top 0.1% of earners, it makes back $6. nber.org/papers/w31376
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@JHWeissmann I always wonder how much extra revenue collected by the IRS through audits/etc is actually money owed, or just money paid because it's really hard to fight the IRS and win, even when the IRS is wrong.
Guys, I literally am a member of the Beltway media
@JHWeissmann Clearly this would have diminishing returns if they spent 10x
@JHWeissmann First marginal vs average spend on audit I am surprised the average is this low. That suggests widespread tax compliance to me. (If the compliance were not widespread you would get huge dollars for spend...)