"We ought to make the tax code more fair, not less fair. That’s why I promised that no one making under $400,000 – who had never seen that – but no one making under $400,000 will see their federal taxes go up a single penny," Biden said.
The day after Biden’s remarks, Internal Revenue Service Commissioner Danny Werfel announced the agency is hiring 3,700 new employees as part of its expansion to target these wealthy taxpayers.
"These new employees will be focused on higher-income and complex tax areas like partnerships, not average taxpayers making less than $400,000," Werfel said.
The problem as far as auditing goes is "there is no way to identify the complete population of taxpayers that meet the criterion of $400,000 or more," according to the Treasury Inspector General for Tax Administration.
