Wednesday, January 31, 2024

The IRS got $80B to help people and chase tax avoiders. Here's how it's going : NPR

"So we, for example, created a high-risk list of 1,600 millionaires and billionaires who owe back taxes. And we've put in a laser-focused effort to collect that money. And the new resources under the Inflation Reduction Act help us to do that. And we're working our way through that list. In just several months, we've collected nearly $200 million in back taxes, and we're not even through the list yet. So that demonstrates to you how much money is out there that is owed to the IRS. People want to know that the IRS is doing its part so that everyone is paying what they owe regardless of their income level…"

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