IRS Increased Audit Rate of Richest Americans by 73% in 2010

The 2010 IRS Data Book released today reports that audits of the highest-income Americans (AGI >$10 million) increased 73.4% in FY 2010:

AGI	FY 2009	FY 2010
100k/200k	0.67%	0.71%
200k/500k	1.86%	1.92%
500k/1m	2.77%	3.37%
1m/5m	5.35%	6.67%
5m/10m	7.52%	11.55%
>10m	10.60	18.38%

• Bloomberg, IRS Boosted Auditing of Richest Taxpayers, Almost Doubling Rate Last Year