IRS says it has clawed back $1 billion from millionaire tax cheats (www.cbsnews.com)

submitted 3 months ago by pelespirit@sh.itjust.works to c/politics@sh.itjust.works

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The IRS said Thursday that its plan to crack down on wealthy tax cheats is paying off, with the agency collecting more than $1 billion since targeting high-income earners who owe the government money.

The joint announcement with the U.S. Treasury Department is meant to highlight that the IRS' $80 billion in funding from the 2022 Inflation Reduction Act is helping to recoup revenue for the nation's coffers.

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[-] Sc00ter@lemm.ee 3 points 3 months ago

No this cant be right. I was assured that all the additional IRS employees were going to go after the little guy and throw them in jail!

this post was submitted on 11 Jul 2024

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