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The IRS Is Using AI to Target the Ultra-Wealthy for Tax Violations (gizmodo.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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The IRS Is Using AI to Target the Ultra-Wealthy for Tax Violations::The agency is adding AI tools to identify taxpayers who make $1 million and up, and have more than $250,000 in tax evasion.

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[–] echo64@lemmy.world 18 points 1 year ago* (last edited 1 year ago) (1 children)

Whatever world you live in where a million dollars income in one tax year is not considered ultra wealthy is dumb

[–] solstice@lemmy.world 1 points 1 year ago

It's a ton don't get me wrong but I've had clients who regularly make $50 million + annually on average. They spend a million bucks a year on household employees alone. Different world up there.