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alphacyberranger@sh.itjust.works to Uplifting News@lemmy.worldEnglish · 11 months ago

IRS collects milestone $1 billion in back taxes from high-wealth taxpayers

apnews.com

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IRS collects milestone $1 billion in back taxes from high-wealth taxpayers

apnews.com

alphacyberranger@sh.itjust.works to Uplifting News@lemmy.worldEnglish · 11 months ago
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The IRS has collected $1 billion in back taxes from high-wealth tax cheats — a milestone meant to showcase how the agency is making use of the money it received as part of the Biden administration’s signature climate, health care and tax package signed into law in 2022.
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    11 months ago

    For those who wonder how the IRS did this you should read the actual IRS Press Announcement but basically they went after 1,600 specific individuals that they already knew owed them at least 250,000 each.

    https://www.irs.gov/newsroom/irs-tops-1-billion-in-past-due-taxes-collected-from-millionaires-compliance-efforts-continue-involving-high-wealth-groups-corporations-partnerships

    There is more in the works for TY 2024 and beyond.

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