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.

cross-posted from: https://lemmy.ca/post/28466921

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.”

  • @NeoNachtwaechterEnglish
    -26•4 months ago

    The United States intelligence budget is around 70 billion.

    Does so much spying pay off? /s

    • @Viking_HippieOPEnglish
      12•4 months ago

      Not for the government itself or the population it’s supposed to serve, no.

      For the politicians taking bribes from the military industrial complex and Big Data to support all of it, though? Hoo boy does it!