this post was submitted on 10 Sep 2023
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The IRS Is Using AI to Target the Ultra-Wealthy for Tax Violations (gizmodo.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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The IRS Is Using AI to Target the Ultra-Wealthy for Tax Violations::The agency is adding AI tools to identify taxpayers who make $1 million and up, and have more than $250,000 in tax evasion.

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[–] expected_crayon@lemmy.world 18 points 1 year ago

Decades of budget cuts by Congress have made it so they just don’t have the staff necessary to untangle the web of financial transactions that the ultra-wealthy use to hide their tax evasion. Using AI allows them to do so despite the perpetual budget cuts.