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A comment on The IRS Sets a Trap for Cryptocurrency Tax Cheats. Parent comment

Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by js2 on Saturday September 26, 2020 @06:14PM (#24602600)
> Remember though that tax revenue is actually dominated by the little guy.

That's not correct. 4.5% of returns account for almost 60% of taxes. 17% of returns account for almost 80% of taxes. And that was before the Trump tax cuts.

https://www.pewresearch.org/fact-tank/2017/10/06/a-closer-lo...

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Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by secabeen on Sunday September 27, 2020 @04:17PM (#24609847)
This citation is solely focused on income taxes, which make up only have of the revenue. Payroll taxes are 36% of the revenue, and are only incurred on the first ~$120k of income. I think this number would be more enlightening if it included all taxes (state property and income tax too), not just federal income taxes.
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Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by js2 on Sunday September 27, 2020 @04:56PM (#24610073)
True but not really relevant to IRS income tax enforcement.
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Re:The IRS Sets a Trap for Cryptocurrency Tax Cheats by refurb on Saturday September 26, 2020 @06:24PM (#24602658)
This ignores the EITC which is available to a huge swath of low income earners.

The only reason the IRS is involved is because the payment is a tax credit, rather than just a payment from some govt body.

22M Americans receive EITCs and the average payout was $3200, for a total of $70B per year.[1]

[1]https://www.cbpp.org/research/federal-tax/policy-basics-the-...

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