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.

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We've never been very good at being conservative.

And usually, that serves us well in doing the ambitious, hard-hitting journalism that you turn to Mother Jones for. But it also means we can't afford to come up short when it comes to scratching together the funds it takes to keep our team firing on all cylinders, and the truth is, we finished our budgeting cycle on June 30 about $100,000 short of our online goal.

This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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