The IRS said Thursday that its plan to crack down on wealthy tax cheats is paying off, with the agency collecting more than $1 billion since targeting high-income earners who owe the government money.
The joint announcement with the U.S. Treasury Department is meant to highlight that the IRS’ $80 billion in funding from the 2022 Inflation Reduction Act is helping to recoup revenue for the nation’s coffers.
I know it’s not that much yet, but it’s a start in the right direction.
Gotta start somewhere.
Yeah, $1B for $80B in funding isn’t great ROI. Hopefully it’s just the tip of the iceberg.