Sen. Elizabeth Warren (D-Mass.) is urging the Treasury Department and IRS in a new letter to study and work to remedy racial inequities concerning tax benefits and enforcement.
Warren’s letter comes after a recent study from Stanford University and Treasury researchers found that Black taxpayers are audited at higher rates than non-Black taxpayers. It also comes after Treasury released an analysis finding that White households benefited disproportionately from tax preferences such as lower rates on capital gains income and the pass-through deduction, while Black and Hispanic families disproportionately benefited from the earned income tax credit.
- An IRS examination of racial ...
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