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Why the IRS skips the ultra wealthy

Name: Why the IRS skips the ultra wealthy
Uploaded: 2025-06-03T12:15:05+00:00
Duration: 31 s
Channel: Peter Vander Wall
Description: Short transcript excerpt from a YouTube video arguing that the IRS often focuses enforcement on upper-middle-class or lower-upper-class taxpayers (people…

3 Jun 2025 · 1 min

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Short transcript excerpt from a YouTube video arguing that the IRS often focuses enforcement on upper-middle-class or lower-upper-class taxpayers (people with small businesses, real estate, or a few million in net worth) rather than the ultra-wealthy, because the latter are costly and difficult to pursue while the former both yield recoverable revenue and lack resources to mount prolonged legal defenses.

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I heard the IRS specifically targets people who are kind of in lower end of upper class or like upper middle class. They're in that point where they don't have endless money to just hire attorneys and accountants to like fight the irs. But there's enough money there that the IRS can actually make a decent bag. Like, a lot of people like to think, like, oh, it's like the IRS and rich people are just battling it out. But the IRS has actually decided like, it's too hard going after the ultra wealthy. So we'll go after kind of the next couple rungs down. The people with, you know, some real estate or a couple million dollar net worth, they've got a business or small business or something like that.