The IRS is showcasing its new capability to audit high-income tax dodgers aggressively as it makes the case for sustained funding and tries to avoid budget cuts sought by Republicans who want to gut the agency

The IRS is showcasing its new capability to audit high-income tax dodgers aggressively as it makes the case for sustained funding and tries to avoid budget cuts sought by Republicans who want to gut the agency

    • alvvayson@lemmy.worldEnglish
      31·
      1 year ago

      Yes. If we really want rich people to pay proportionally (or even progressively), then we will need to change the laws that allow them to amass huge fortunes tax free.

      When Bezos and Musk can amass hundreds of billions of net worth without ever hitting a six figure income, you know the problem is with the laws, not with the IRS.

      It seems we westerners rather tax small business owners and highly paid professionals instead of actual billionaires.

    • swiftcasty@kbin.social
      131·
      1 year ago

      IRS leaders said they collected $38 million in delinquent taxes from more than 175 high-income taxpayers in the past few months.

      In one case, an individual had used money owed to the government to buy a Maserati and a Bentley, and roughly 100 high-income people tried to get favorable tax treatment through Puerto Rico without meeting certain tax requirements. Many of those cases are expected to face criminal investigation.