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.
  • 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.
  • Flying Squid
    142•5 months ago

    However, the funding enacted in 2022 that is allowing the IRS to pursue its plans still has its critics, particularly among congressional Republicans.

    “How dare they raise revenue from the tax cheats who vote for us!”

      • @Stovetop
        27•5 months ago

        Tax cheats who bought the votes that put us in power, and to whom we are completely in service.

    • @danc4498English
      4•5 months ago

      Why are we going after the jobs creators 🤪