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Elizabeth Warren says the ultra-rich should be audited every 3 years

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More wealthy Americans should be audited on a regular basis, Sen. Elizabeth Warren said Tuesday, telling Bloomberg she wants to double the IRS budget to do just that.

“The audit rate of the top one-tenth of 1% — the 100,000 families that would be affected — the audit rate will be 30%,” the Massachusetts Democrat said. “That means every three years, in effect.”

Warren made the case for more IRS auditors as part of her pitch for a 2-3% annual tax on the wealth of America’s ultra-rich. As Insider reported, her proposal calls for a details ⇒

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