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Cake day: June 11th, 2023

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  • The IRS plans to triple the audit rates on large corporations with assets of more than $250 million. Audit rates for these companies will rise to 22.6% in tax year 2026 from  8.8% in 2019.

    Large partnerships with assets of more than $10 million will see their audit rates increase 10-fold, rising to 1% in tax year 2026 from 0.1% in 2019.

    Wealthy individuals with total positive income of more than $10 million will see their audit rates rise 50% to 16.5% from 11% in 2019.

    “There is no new wave of audits coming from middle- and low-income [individuals], coming from mom and pops. That’s not in our plans,” Werfel said.






  • I would have recommended oat, but if you say lactose free milk is already too sweet I think you’re likely to find the same with oat. Macadamia is probably the “creamiest” non-sweet alternative I’ve tried, give it a shot.

    That being said, stay open to the idea of cutting back on additives altogether. I went through all sorts of things just to discover that what I liked wasn’t a particular creamer or sweetener or coffee brand - it was just lighter roasted coffee 😅






  • With respect to data, there does seem to be a damning amount of it in the CFPB dataset they analyzed for the article. The fact that approvals were this disproportionate even when accounting for “income, debt-to-income ratio, property value, downpayment percentage, and neighborhood characteristics” is alarming. Specifically with respect to income, approval for lowest-quartile whites exceeded that of highest quartile blacks. Yes, credit score was not available in the dataset, but we know it doesn’t fully explain the gap because of its frequency as a cited reason for denial, and reliance on credit doesn’t really do much to dig NFCU out of this hole IMO.

    I’m tempted to agree with the authors assessment that the use of automated tools by the underwriters is a likely contributor. Use a tool trained on historically racist data and practices, and that’s what you’ll get more of.