this post was submitted on 12 Jul 2024
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Treasury, IRS announce 'major milestone' of $1 billion in past-due taxes collected from millionaires (www.cnbc.com)
submitted 1 month ago by [email protected] to c/[email protected]
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cross-posted from: https://lemmy.world/post/17446210

  • The Treasury Department and the IRS announced the collection of more than $1 billion in tax debt from high-income individuals over the past year.
  • In September, the IRS announced plans to expand its scrutiny of those making more than $1 million annually with more than $250,000 in recognized tax debt. 
  • However, the funding enacted in 2022 that is allowing the IRS to pursue its plans still has its critics, particularly among congressional Republicans.
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[–] [email protected] 3 points 1 month ago (1 children)

Huh, imagine that. Give the IRS enough money to go after bigger fish, and they get more back. Funny how that works

[–] [email protected] 2 points 1 month ago

It's almost like the elites were withholding the funds needed to produce action on their tax debts.

We need more of this. A lot more.