IRS says it has recovered $1.3 billion in unpaid taxes from rich Americans
IRS says it has recovered $1.3 billion in unpaid taxes from rich Americans
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."
For all those that want to complain:
Go ahead and do something about it. Otherwise, swallow your catharsis for a moment and recognize that small and consistent steps yield the changes we need, and that there will be setbacks.
The trick then becomes dedication. Something, I should point out, we in the U.S. are really bad at.
45Keep that snowball rolling!
4
Will they be charged and face jail time like Hunter Biden?
27Now put those dollars to work for the people instead of throwing it directly into the military sector.
24I hope more goes towards going after rich tax dodgers. The more you drain from them, the less resources they have to fuck up our government.
12Agreed. Just keep reinvesting the money back in
4
That's not really how deficit spending works.
1
Those 21,000 taxpayers who have filed their taxes were the first to respond after the IRS reached out to alert them that they needed to file, according to a senior Treasury official who spoke on a conference call with reporters. The IRS is likely to recoup hundreds of millions more in new tax revenue from the remaining 104,000 people who still need to file, he said.
They were millionaires, not billionaires.
21Does that somehow mean they’re not rich?
8They probably mean that we're still not targeting the right people. Well, all of the right people. Millionaires are definitely still on that list.
11
Yeeeessss keep going.
20That's like less than 1% of their income. We pay 10% wtf!
171.3 Billion! dr evil tilts his pinkie to the side of his mouth in a come hither stare
5So half an hour worth of ordonance in Ukraine AM I RIGHT? Jk, slava Ukraine ✊
1Waiting to see how many billions they got from poor Americans.
-6