I can see IRS building a fun little crawler. They already know everyone's name, address, place of employment, age, marital status, salary, the church they donate to. It would be interesting (and scary) to try to identify potential auditing target based on these check-ins and other stuff (from say, Facebook posts, twitter).
The tricky thing here, IMO, is that spending is based on assets + income, not just income. If I inherited $3m, make $50k/year, and spend $100k/year, it doesn't mean I'm lying about the $50k, it might just mean I have enough savings to live beyond what my income suggests.
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I can see IRS building a fun little crawler. They already know everyone's name, address, place of employment, age, marital status, salary, the church they donate to. It would be interesting (and scary) to try to identify potential auditing target based on these check-ins and other stuff (from say, Facebook posts, twitter).
The tricky thing here, IMO, is that spending is based on assets + income, not just income. If I inherited $3m, make $50k/year, and spend $100k/year, it doesn't mean I'm lying about the $50k, it might just mean I have enough savings to live beyond what my income suggests.