Hacker NewsJul 27, 2024
IRS collects milestone $1B in back taxes from high-wealth taxpayers
https://apnews.com/article/irs-audits-wealthy-taxes-biden-treasury-b12a48b200834a7c9a04dc293e3273c2
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IRS collects milestone $1 billion in back taxes from high-wealth taxpayers

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. The announcement Thursday comes as the much-maligned agency shows the public how much work it is getting done. In a statement, Treasury Secretary Janet Yellen praises the Inflation Reduction Act for “increasing tax fairness and ensuring that all wealthy taxpayers pay the taxes they owe, just like working families do.”

AP News
 Hacker NewsJul 5, 2024
NFL is liable for $4,707,259,944 in 'Sunday Ticket' case
https://apnews.com/article/nfl-sunday-ticket-lawsuit-damages-6d1c6fbacadb5c667b410785ce888fd3
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NFL is liable for $4,707,259,944.64 in 'Sunday Ticket' case

The damages a federal jury has ordered the NFL to pay for violating antitrust laws in distributing out-of-market Sunday afternoon games on a premium subscription service is $4,707,259,944.64. The figure from the June 27 judgement against the NFL was listed on the verdict form, which was posted on the case docket Tuesday. The lawsuit covered 2.4 million residential subscribers and 48,000 businesses in the United States who paid for the package on DirecTV of out-of-market games from the 2011 through 2022 seasons. The lawsuit claimed the league broke antitrust laws by selling its package of Sunday games at an inflated price. The subscribers also say the league restricted competition by offering “Sunday Ticket” only on a satellite provider.

AP News