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Rapidcreek@lemmy.world to politics @lemmy.world · 10 months ago

IRS collects milestone $1 billion in back taxes from high-wealth taxpayers

apnews.com

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IRS collects milestone $1 billion in back taxes from high-wealth taxpayers

apnews.com

Rapidcreek@lemmy.world to politics @lemmy.world · 10 months ago
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The IRS 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.
  • breadsmasher@lemmy.world
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    10 months ago

    1 billion dollars clawed back, minimum of 250k tax debt.

    So a minimum of 4000 individuals? Assuming theyre clawing back the full amounts owed in one go

    edit

    additional detail from another source

    As part of larger efforts taking place, the IRS has stepped up activity specifically on 1,600 individuals whose incomes were more than $1 million per year and who each owed the IRS more than $250,000 in recognized tax debt. Since last fall, this IRS compliance effort has generated more than $1 billion in collections from this group, with work continuing in this area.

    https://www.irs.gov/newsroom/irs-tops-1-billion-in-past-due-taxes-collected-from-millionaires-compliance-efforts-continue-involving-high-wealth-groups-corporations-partnerships

    So 1billion from 1600 individuals, they pulled back on average 650k per person

    • Matt@lemmy.blahaj.zone
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      10 months ago

      You don’t screw up your taxes that much by accident.

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