Ramit SethiRamit Sethi: The No-BS Guide to Living a Rich Life

NY Audits the Rich Like This… You Won’t Believe It

18 Jan 2026 · 1 min

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Ramit Sethi breaks down how New York audits the wealthy who claim to have moved. Auditors ask invasive questions about holiday locations, pets' ashes, and burial plots. Anyone making over $10 million faces a 100% audit rate.

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The speaker says an audit is "extremely likely" for those making more than $1 million.

The speaker reports tax lawyers say the odds are 100% for those making more than $10 million.

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The New York Times uncovered a fourth factor, and it's the one almost nobody knows about. The moment that a wealthy New Yorker claims they've moved, they trigger one of the most aggressive, arguably invasive audit processes in the country. I'm not exaggerating. These New York auditors don't just ask where you live now. They're asking questions like, where did you spend your holidays? Where did you stay after returning from your overseas trip? Where are your dogs, ashes? Where is your burial plot? This is a very, very strict audit of wealthy and ultra wealthy people. The Times also reports that if you make more than $1 million, an audit is extremely likely. If you make more than 10 million, tax lawyers say the odds are 100%.