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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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[-] pelespirit@sh.itjust.works 8 points 1 month ago

I know it's not that much yet, but it's a start in the right direction.

[-] ptz@dubvee.org 3 points 1 month ago

Gotta start somewhere.

[-] sugar_in_your_tea@sh.itjust.works 2 points 1 month ago

Yeah, $1B for $80B in funding isn't great ROI. Hopefully it's just the tip of the iceberg.

[-] Sc00ter@lemm.ee 3 points 1 month 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
24 points (100.0% liked)

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