How the Rich Get Away With It

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While we wait around for election results, David Cay Johnston provides us with a tidbit about how the rich are faring under Donald Trump:

Let’s start with IRS audits of the 23,400 richest American households, average income $30 million each. In 2018 the Trump administration audited seven. You read that right—seven. That’s an audit rate of 0.03%.

….This is a dramatic shift from the recent past. Under Obama in 2015, America’s richest households were 270 times more likely to be audited than under Trump, my analysis of IRS Data Book tables data shows. That year 8.16% of these households had their tax returns audited, not 0.03%.

It’s good to be rich, isn’t it? But perhaps their free ride comes to an end today. Part of it, anyway.

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

Our fall fundraising drive is off to a rough start, and we very much need to raise $250,000 in the next couple of weeks. If you value the journalism you get from Mother Jones, please help us do it with a donation today.

As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

Please pitch in with a donation during our fall fundraising drive if you can. We can't afford to come up short, and there's still a long way to go by November 5.

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