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IRS says it has recovered $1.3 billion in unpaid taxes from rich Americans

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.”

finickydesert ,
@finickydesert@lemmy.ml avatar

Good first step

ravhall ,

Only if it’s followed by 10,000 more steps.

Godnroc ,

The longest journeys all start with the first step.

ravhall ,

That’s a Laozi way to get my hopes up.

shoulderoforion ,
@shoulderoforion@fedia.io avatar

1.3 Billion! dr evil tilts his pinkie to the side of his mouth in a come hither stare

Maeve ,

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.

werefreeatlast ,

That’s like less than 1% of their income. We pay 10% wtf!

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