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.
Irs Collects Milestone $1 Billion In Back Taxes From High-wealth Taxpayers
The Associated Press, Denver Post
Thu, 07/11/2024 - 2:09am
Topics: fatima hussein washington ap the irs part white house congress irs showing president biden s inflation reduction act treasury secretary janet yellen in june eugene steuerle urban-brookings tax policy center any house republicans financial services general government subcommittee direct file americans demian brady national taxpayers union foundation it 000 brady irs the irs irs treasury june steuerle american republicans house republicans milestone taxes from high-wealth billion in back taxes agency cuts year series investigations meant pursuing money included package making budget audits debt initiatives announced
BING NEWS:
- The IRS has recovered $1.3 billion from rich American tax dodgers since the fall of 2023 — relieving a painful burden from ‘ordinary citizens’
It involved some detective work, too, as the IRS received third-party information — much of it through W-2s and 1099s — that indicated a gulf between what rich people made and ...
09/26/2024 - 11:15 pm | View Link - WATCH: IRS has recovered $1.3 billion in unpaid taxes from wealthy tax dodgers, Yellen says
WASHINGTON (AP) — The IRS has collected $1.3 billion from high-wealth tax dodgers since last ... to tour an IRS campus and announce the latest milestone in tax collections as Republicans ...
09/6/2024 - 9:02 am | View Link - Did Joe Biden hire '85,000 new IRS agents to harass hard-working Americans'?
The IRS announced Thursday it collected $1 billion in back taxes from wealthy tax cheats, through the Biden administration’s tax package signed in 2022. This fact brief is responsive to ...
07/17/2024 - 6:19 am | View Link - More
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