The collections included $1.3 billion from high-income taxpayers who did not pay overdue tax debts and $2.9 billion related to IRS Criminal Investigation work into crimes like drug trafficking and terrorist financing. Despite its gains, the future of the agency's funding is in limbo.

Summary

The IRS announced it has recovered $4.7 billion in back taxes and criminal proceeds since receiving $80 billion in funding through the 2022 Inflation Reduction Act.

This includes $1.3 billion from wealthy tax dodgers and $2.9 billion from criminal investigations.

Despite these gains, the IRS faces funding cuts: $1.4 billion was rescinded earlier, and $20 billion is frozen or redirected under recent budget deals.

Republicans, under a new majority, aim to further reduce IRS funding and renew Trump-era tax cuts. Trump has nominated Billy Long as the next IRS commissioner, drawing criticism from Democrats.

  • @[email protected]English
    14•1 day ago

    All of Antarctica, though that’s been designated entirely for science by international treaty.

    Plenty of land is claimed but uncontrolled. Just get some like-minded people together and set up camp. I’m sure it’ll go fine.

    • @[email protected]
      -12•1 day ago

      Oh yes, I read a book about that and it was quite funny actually. The Free State Project is actually something I am interested in and have considered moving for myself, but it’s still in the United States, which is under the tyranny of the federal government, so it might not be worth it. Unless they succeed in actually seceding from the Union.