Treasury, IRS announce 'major milestone' of $1 billion in past-due taxes collected from millionaires
Treasury, IRS announce 'major milestone' of $1 billion in past-due taxes collected from millionaires
www.cnbc.com Treasury, IRS announce 'major milestone' of $1 billion in past-due taxes collected from millionaires
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.
2 comments
Huh, imagine that. Give the IRS enough money to go after bigger fish, and they get more back. Funny how that works
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.