IRS Has Collected Over $1B From Wealthy Tax Cheats, Thanks to New Funding
IRS Has Collected Over $1B From Wealthy Tax Cheats, Thanks to New Funding
truthout.org
IRS Has Collected Over $1B From Wealthy Tax Cheats, Thanks to New Funding
22 comments
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...and it only cost $80B to do it. 🙄
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The $80 billion is spread over 10 years, and Republicans have already reduced that by $20 billion. Also, that's the total increase in funding from the Inflation Reduction Act, whereas this $1 billion recovered is only one success story of many. Please don't make such misleading statements.
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The Inflation Reduction Act, which passed in 2022 without any Republican votes, approved about $80 billion for the IRS over a 10-year period.
Democrats say the money is meant to help the IRS ramp up its enforcement efforts on high-income taxpayers as well as improve its archaic taxpayer services system.
From a linked article. I'm not sure how much the "archaic taxpayer services system" costs, but my comment is accurate.
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Agreed! It'd be MUCH BETTER if we used that 80B to PAY for those Millionaire's and Billionaire's Yachts INSTEAD of collecting over a BILLION in less then a Year!
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And the MIC thanks them
22 comments
Defunding the IRS will become even higher priority item for the cons.