The IRS said funding from the Inflation Reduction Act has helped it go after wealthy taxpayers who failed to pay their tax bills.

The IRS said Friday that it has recovered $1.3 billion in unpaid taxes from high-income Americans who had either failed to file their returns or who hadn’t fully paid what they owed.

The announcement, made jointly with the U.S. Treasury Department, is aimed at highlighting the agency’s ramped-up enforcement efforts against tax cheats, which have been funded under the 2022 Inflation Reduction Act.

That IRS funding has proved controversial, with some Republican lawmakers falsely claiming the money would be used to hire 87,000 new IRS agents to “to audit Walmart shoppers.”

  • Maeve
    2•3 months ago

    Sure. My point is, they voluntarily complied, after receiving notices, and aren’t the billionaires who can afford to fight it flee.

      • Maeve
        6•3 months ago

        If you say so. I’m not mad or disappointed, just noticed. I’m glad they voluntarily complied. Saves taxpayers the cost of prosecution.

      • partial_accumen
        6•3 months ago

        This is what is known as letting the perfect be the enemy of the good.

        I disagree.

        If @[email protected] had said “They were millionaires, not billionaires, so the IRS should stop pursuing it.” THAT would be “perfect is the enemy of good”.

        Instead this is like:

        A: “We cured cancer! Hurray!”

        B: “Apparently we only cured Pink Eye. So, awesome on that as it reduces some human suffering, but we still need to keep working on curing cancer too.”