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.”

  • @[email protected]English
    -1•3 months ago

    At about $35.353 trillion right now, I believe this makes a 0.0036772% dent in the US national debt.

    I’m pretty sure the debt increases by about $10 billion per day recently.

    • @wildcardology
      1•3 months ago

      The debt increases by $1 trillion every 100 days.

    • @auzy
      0•3 months ago

      What does that have to do with anything?

      Oh right… You’ve gotta somehow turn this into an anti Biden thing somehow and do the whole “both parties are the same” thing.

      It’s a start, and if you want things to improve, keep voting left.

      • @[email protected]English
        0•3 months ago

        Literally has nothing to do with Biden for me. I like numbers and it was something neat to compare against. Not everything is about presidential politics for everyone.

    • @Valmond
      -9•3 months ago

      National debt is just selling out the country.

      Prove me wrong.