The IRS in the fall of 2023 launched a new initiative using Inflation Reduction Act funding to pursue high-income, high-wealth individuals who have failed to pay recognized tax debt, with dozens of senior employees assigned to these cases. This work is concentrated on taxpayers with more than $1 million in income and more than $250,000 in recognized tax debt. The IRS was previously unable to collect from these individuals due to a lack of resources. After successfully collecting $38 million from more than 175 high-income, high-wealth individuals last year, the IRS expanded this effort last fall to around 1,600 additional high-income, high-wealth individuals. Nearly 80% of these 1,600 millionaires with delinquent tax debt have now made a payment, leading to over $1.1 billion recovered. This is an additional $100 million just since July, when Treasury and IRS announced reaching the $1 billion milestone.
Will Folks thinks this is a bad thing and wants to pretend like they are going after average joes.
I think Stevie Wonder sees better than these 2 guys.
“Maybe… or maybe not.”
Fitsnews, courageously straddling that fence.
“When it comes to fundraising, Harris is so far out in front Trump has literally been left eating her dust.”
To be fair, Trump has been having to use most of his campaign contributions to cover defending himself from all the crimes he’s committed as well as spreading a lot of sweet dough to his grifting family. A quarter million dollars for a Melania speech?
“But that was overshadowed by the Iran Hostage Crisis, the Energy Crisis, and runaway inflation and painfully high unemployment, both caused by out-of-control federal spending.”
Jimmy Carter is the most unfairly treated president in modern times. Anyone with a modicum of awareness of history will know that inflation started during the Dick “Wage and Price Controls” Nixon reign and Jerry Ford, he of the WIN (Whip Inflation Now) buttons. Lines at gas stations and talk of gas rationing also began during Tricky Dick’s presidency. Glad Jimmy’s staying alive to vote for Harris.
In retrospect, the Camp David Accords have been an unmitigated disaster that resulted in the assassination of Sadat and the current Gaza Strip and West Bank unpleasantness. Carter has a well earned reputation as a failure.
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The IRS in the fall of 2023 launched a new initiative using Inflation Reduction Act funding to pursue high-income, high-wealth individuals who have failed to pay recognized tax debt, with dozens of senior employees assigned to these cases. This work is concentrated on taxpayers with more than $1 million in income and more than $250,000 in recognized tax debt. The IRS was previously unable to collect from these individuals due to a lack of resources. After successfully collecting $38 million from more than 175 high-income, high-wealth individuals last year, the IRS expanded this effort last fall to around 1,600 additional high-income, high-wealth individuals. Nearly 80% of these 1,600 millionaires with delinquent tax debt have now made a payment, leading to over $1.1 billion recovered. This is an additional $100 million just since July, when Treasury and IRS announced reaching the $1 billion milestone.
Will Folks thinks this is a bad thing and wants to pretend like they are going after average joes.
“We just call ‘em like we see ‘em…”
I think Stevie Wonder sees better than these 2 guys.
“Maybe… or maybe not.”
Fitsnews, courageously straddling that fence.
“When it comes to fundraising, Harris is so far out in front Trump has literally been left eating her dust.”
To be fair, Trump has been having to use most of his campaign contributions to cover defending himself from all the crimes he’s committed as well as spreading a lot of sweet dough to his grifting family. A quarter million dollars for a Melania speech?
“But that was overshadowed by the Iran Hostage Crisis, the Energy Crisis, and runaway inflation and painfully high unemployment, both caused by out-of-control federal spending.”
Jimmy Carter is the most unfairly treated president in modern times. Anyone with a modicum of awareness of history will know that inflation started during the Dick “Wage and Price Controls” Nixon reign and Jerry Ford, he of the WIN (Whip Inflation Now) buttons. Lines at gas stations and talk of gas rationing also began during Tricky Dick’s presidency. Glad Jimmy’s staying alive to vote for Harris.
In retrospect, the Camp David Accords have been an unmitigated disaster that resulted in the assassination of Sadat and the current Gaza Strip and West Bank unpleasantness. Carter has a well earned reputation as a failure.
It was nice of Trump to come along and show the world what a real failure as President looks like.
Carter now looks like George Washington compared to Trump.