Posted On: 02/28/2016 6:02:26 PM
Post# of 65629
Re: misanthrope #3432
Yeah...ignorance is bliss I guess:
ref; http://finance.yahoo.com/news/donald-trump-ta...55545.html
....bottom line is that Trump was a bit loose with his words....but anyone understanding the audit process understands fully how it works....and how long it takes.
Quote:
Less than 1% of Americans get audited every year , and that number shrinks each year as the IRS workforce and budget has slimmed down. But among "high net-worth individuals," the rate is higher: Nearly 7% get audited. And Trump is certainly a high net-worth individual .
Quote:
Although Trump is more prone to tax audits because of his wealth, experts say it's the geographical breadth of his business interests, more than his wealth, that makes him a target. When Trump says he has been audited, he is likely referring to both himself, as an individual, and to his companies, or companies in which he has a stake
ref; http://finance.yahoo.com/news/donald-trump-ta...55545.html
....bottom line is that Trump was a bit loose with his words....but anyone understanding the audit process understands fully how it works....and how long it takes.
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