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.
  • @laverabeEnglish
    26•23 days ago

    I mean the small government types are not the ones who typically pay attention to what actually is shown to work or not work.

    Their view is big govt needs big taxes for big spending and big IRS steals people’s hard earned money. No counterpoint or evidence will ever persuade them otherwise because it’s a core belief that is largely beyond questioning.