The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency says, crediting spending that has ramped up collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law in 2022.

The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency announced Friday, crediting spending that has ramped up collection enforcement through President Joe Biden’s signature climate, health care and tax package signed into law in 2022.

Treasury Secretary Janet Yellen and IRS Commissioner Danny Werfel traveled to Austin, Texas, to tour an IRS campus and announce the latest milestone in tax collections as Republicans warn of big future budget cuts for the tax agency if they take over the White House and Congress.

Yellen said in a speech in Austin that in 2019, the top one percent of wealthy Americans owed more than one-fifth of all unpaid taxes, “leaving ordinary Americans to shoulder the burden.”

  • AFK BRB ChocolateEnglish
    94•3 months ago

    The Republican response is literally that they’re going to defund the IRS. If there weren’t 100 other things demonstrating that the Republican party serves the ultra rich, and not the people, it would be astonishing.

    • Flying Squid
      24•3 months ago

      It’s not really a surprise that their position is that rich people should be allowed to break the law.

      • AFK BRB ChocolateEnglish
        14•3 months ago

        It’s kind of amazing how upfront they are about it