I.R.S. Deploys Artificial Intelligence to Target Rich Partnerships::The tax agency is opening examinations into large hedge funds, private equity groups, real estate investors and law firms.

  • fubo@lemmy.world
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    1 year ago

    They stopped going after the very rich because their budget was cut to the bone and they couldn’t afford to fight a protracted lawsuit and possibly lose.

    They stopped going after the very rich because they were tactically underfunded by a corrupt administration that explicitly wanted them to stop going after the very rich. That administration then got voted out of office, so the rules are different now.

    • Cethin@lemmy.zip
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      1 year ago

      You’re correct, but it didn’t happen under Trump. It was under Reagan I believe. It’s never been fixed.