Here’s How the Rich Get Their Money’s Worth From Republicans

Paul Kiel and Jesse Eisinger write today about “How the IRS Was Gutted.” The nickel answer to the question is easy: The IRS was gutted by Republicans who didn’t like having their rich friends audited all the time. For the longer answer, you’ll have to click the link and read the story. In the meantime, however, here are two charts:

On the left, you can see that the IRS enforcement budget has been slashed since 2010. But it’s the chart on the right that shows exactly what effect that’s had. Poor folks have seen a small decline in audits of their little annual EITC payments, but that was always peanuts anyway. The real revenue-loser is in the green line, showing that audits of rich people have plummeted from 8 percent to 2.5 percent. If you’re rich, the odds of being audited has gone down by two-thirds over the past decade or so.

This GOP war against the IRS has been going on since the mid-90s, when Republicans first started describing IRS agents as jackbooted thugs knocking down doors at midnight and scaring the women and children. But in 2010 Republicans won control of the House. Finally they could really do something to help their donors. And they did. They trashed the IRS enforcement staff and cut the revenue from audits by more than a third, from $23 billion to $14 billion. Mission accomplished.

IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. It's our first time asking for an outpouring of support since screams of FAKE NEWS and so much of what Trump stood for made everything we do so visceral. Like most newsrooms, we face incredibly hard budget realities, and it's unnerving needing to raise big money when traffic is down.

So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

payment methods

IT'S NOT THAT WE'RE SCREWED WITHOUT TRUMP:

"It's that we're screwed with or without him if we can't show the public that what we do matters for the long term," writes Mother Jones CEO Monika Bauerlein as she kicks off our drive to raise $350,000 in donations from readers by July 17.

This is a big one for us. So, as we ask you to consider supporting our team's journalism, we thought we'd slow down and check in about where Mother Jones is and where we're going after the chaotic last several years. This comparatively slow moment is also an urgent one for Mother Jones: You can read more in "Slow News Is Good News," and if you're able to, please support our team's hard-hitting journalism and help us reach our big $350,000 goal with a donation today.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate