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Fewer Millionaires Getting Audits

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Wealthy taxpayers can breathe slightly easier, as the IRS reported on Friday that audits of individuals making $10 million or more have gone steadily down over the years--for the fiscal year that ended Sept. 30, 2013, the IRS said it audited 24.2 percent of individual tax returns with adjusted gross income of $10 million or more, which was down from 27 percent in 2012 and 30 percent in 2011, according to Reuters.

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