Comment on IRS Collected $1B In Back Taxes From Wealthy Tax Cheats

IRS Collected $1B In Back Taxes From Wealthy Tax Cheats

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.

 

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