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IRS Ramps Up Audits on the Wealthy

The IRS is making good on its promise of auditing the rich.

According to an article in the New York Times, the agency increased its audits of taxpayers who earned $1 million to $5 million by 33% last year compared with 2008, new I.R.S. figures show. That means that about one in 12 taxpayers who earned at least $1 million last year were audited, up from about one in 17 in 2008.

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