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.
  • @thenextguy
    20•5 months ago

    You know what they say…

    A billion here, a billion there, eventually you’re talking about real money.

    • @[email protected]English
      7•5 months ago

      Only need another to do it 13 more times and they can cover their own costs for the year. 812 more times and they can cover the defense budget for the year.