The IRS is making use of the money it received as part of the Biden administration's tax package signed into law in 2022. They announced yesterday that it has collected $1 billion in back taxes from high-wealth tax cheats. Via ABCNews.com: 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.