LaffyJul 11, 2024

The Treasury Department and the IRS announced Thursday they have collected more than $1 billion has been collected in past-due taxes from high-income, high-wealth Americans.

The collections were made possible under the #Biden administration Inflation Reduction Act, the agencies said in a joint statement.
https://www.upi.com/Top_News/US/2024/07/11/IRS-IRA-back-taxes-wealthy/1981720701590/

IRS collects more than $1 billion in back taxes from wealthy under Biden's IRA - UPI.com

The Treasury Department and the IRS said Thursday over $1 billion has been collected in past-due taxes from high-income, high-wealth Americans. It was made possible by the Biden administration Inflation Reduction Act.

UPI
Show threadDave Goldsmith

@GottaLaff

Is this outstanding billion dollars more than is usually collected annually? What is the estimated amount of total outstanding taxes due by millionaires and billionaires? What penalties are applied on these outstanding taxes?

Jul 11, 2024 at 5:54pmWeb