If you're thinking about cheating on your taxesthis year, you're not the only one having such dastardly thoughts.
The Trump administration's IRS job cuts may make Americans "feel emboldened to cheat on their taxes," Bloomberg reports.
State of play: The chances of being audited had already plunged in recent years to well below 1%.
"It isn't principle or patriotism that keeps many taxpayers honest," Bloomberg reports, citing University of Michigan economist Joel Slemrod. "Instead it's 'the perceived threat that if they cheat on their taxes, they will be caught—and they'll have to pay what they should have paid, plus some penalty.'"
💠Nathan's thought bubble: Just know that the one time you cheat on your taxes is the one time you'll get audited.
