The U.S. Department of the Treasury and IRS announced a "major milestone" of collecting more than $1 billion in past-due taxes from millionaires.

cross-posted from: https://lemmy.world/post/17446210

  • The Treasury Department and the IRS announced the collection of more than $1 billion in tax debt from high-income individuals over the past year.
  • In September, the IRS announced plans to expand its scrutiny of those making more than $1 million annually with more than $250,000 in recognized tax debt.
  • However, the funding enacted in 2022 that is allowing the IRS to pursue its plans still has its critics, particularly among congressional Republicans.
  • lost_faith
    5·
    5 months ago

    Huh, imagine that. Give the IRS enough money to go after bigger fish, and they get more back. Funny how that works

    • YeetPics@mander.xyz
      2·
      5 months ago

      It’s almost like the elites were withholding the funds needed to produce action on their tax debts.

      We need more of this. A lot more.