Data: TRACIRS; Chart: Thomas Oide/Axios
The number of audits of Americans earning more than $1 million a year has fallen sharply over the last several years, according to a new report from researchers at Syracuse University. Yet, tax evasion is far more common among higher earners.
Why it matters: The report is another sign of how the chronically underfunded IRS is "in crisis," as we reported earlier this year.
