The IRS said Friday that it has recovered $1.3 billion in unpaid taxes from high-income Americans who had either failed to file their returns or who hadn’t fully paid what they owed.
The announcement, made jointly with the U.S. Treasury Department, is aimed at highlighting the agency’s ramped-up enforcement efforts against tax cheats, which have been funded under the 2022 Inflation Reduction Act.
That IRS funding has proved controversial, with some Republican lawmakers falsely claiming the money would be used to hire 87,000 new IRS agents to “to audit Walmart shoppers.”
Good first step
Only if it’s followed by 10,000 more steps.
The longest journeys all start with the first step.
That’s a Laozi way to get my hopes up.
Bravo!
10,000 steps to mastery. Then the real work begins (a couple 100,000 more).
It definitely takes a lot of effort to get to those Outliers.