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TheWinks t1_j1gis7f wrote

Reply to comment by darkapao in IRS delays rule change for people who get paid on Venmo, Etsy, Airbnb and other apps by TerpFlacco

It's not that it's too expensive, it's that rich people's taxes are done by professionals and questions of tax liability are going to be complex and not necessarily in the IRS's favor. On the other hand, someone that runs their own business, nets in the $10,000s to pushing into 6 figures, and does their own taxes or provides potentially erroneous information to a tax preparer is a fairly easy target. The discrepancies that the IRS's computer systems find are likely going to be in the favor of the IRS.

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calm_chowder t1_j1h4r16 wrote

Has more to do with the fact the rich can afford expensive lawyers and the IRS can't.

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TheWinks t1_j1i09v1 wrote

It's that the rich have already paid the experts for the management and preparation of their taxes, not the threat of hiring a someone to defend themselves.

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