It’s getting worse: The IRS now audits poor Americans at about the same rate as the top 1%

As the agency’s ability to audit the rich crumbles, its scrutiny of the poor has held steady in recent years. Meanwhile, a new study shows that audits of poor taxpayers make them far less likely to claim credits they might be entitled to.

Every year, the IRS, starved of funds after years of budget cuts, loses hundreds more agents to retirement. And every year, the news gets better for the rich — especially those prone to go bold on their taxes. According to data released by the IRS last week, millionaires in 2018 were about 80% less likely to be audited than they were in 2011.

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How the 'debt collection machine' uses the courts to screw over millions of Americans

Millions of Americans live with the possibility that, at any moment, their wages or the cash in their bank accounts could be seized over an old debt. It's an easily ignored part of America's financial system, in part due to a common attitude that people who don't pay their debts deserve what's coming to them.

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Retail store that sued soldiers after giving them high-priced loans is closing down

For the first time in its history, USA Discounters is living up to its name. For years, the company has specialized in selling marked-up appliances, electronics and furniture to service members through high-priced loans. But these days, it's just the place for a soldier to go for a steal on a bedroom set or a washer. The company's website used to shout "Bad Credit? Slow Credit? No Credit? No Problem!" Now it's "ENTIRE STORE ON SALE!"

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How predatory payday lenders pop back up even after states crack down

By Paul Kiel, ProPublica

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Bank of America lied to homeowners and rewarded foreclosures, former employees say

Bank of America employees regularly lied to homeowners seeking loan modifications, denied their applications for made-up reasons, and were rewarded for sending homeowners to foreclosure, according to sworn statements by former bank employees.

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