Analysis: IRS Audits Will Fall on Middle Class

Check out what’s clicking on FoxBusiness.com. Americans who earn less than $75,000 per year are slated to receive 60% of the additional tax audits expected under Democrats’ spending package, according to an analysis released by House Republicans. The analysis, which is a conservative estimate based upon recent audit rates and tax filing data, shows that individuals with an annual income of $75,000 or less would be subject to 710,863 additional Internal Revenue Service (IRS) audits while those making more than $1 million would receive 52,295 more audits under the bill. The legislation, the Inflation Reduction Act, would roughly double the IRS’ budget to increase enforcem …