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106: WaPo Economics Columnist Catherine Rampell

The Al Franken Podcast

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The Cost of Auditing Earned Income Tax Credits

The IRS has very high audit rates, but that's partly because they're just like low hanging fruit. They send out a letter saying something doesn't match and you're in court taking back your EITC. If you're auditing someone like Donald Trump and you have to sort through hundreds,. That's impossible. It's a lot more resource intensive. You'd need much more specialized knowledge to know where the bodies might be buried in the tax return.

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