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

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

By FATIMA HUSSEIN WASHINGTON (AP) — The IRS announced Thursday that it 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. Part of the push for public awareness of high-wealth tax collections is a growing recognition by agency officials that a potential Republican takeover of the White House and Congress could mean massive future budget cuts for the IRS.

 

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