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- cross-posted to:
- [email protected]
The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency announced Friday, crediting spending that has ramped up collection enforcement through President Joe Biden’s signature climate, health care and tax package signed into law in 2022.
Treasury Secretary Janet Yellen and IRS Commissioner Danny Werfel traveled to Austin, Texas, to tour an IRS campus and announce the latest milestone in tax collections as Republicans warn of big future budget cuts for the tax agency if they take over the White House and Congress.
Yellen said in a speech in Austin that in 2019, the top one percent of wealthy Americans owed more than one-fifth of all unpaid taxes, “leaving ordinary Americans to shoulder the burden.”
Did they charge any of them with a crime for not paying taxes, or did they just let them pay without penalty?
https://www.irs.gov/compliance/criminal-investigation/criminal-investigation-press-releases#collapseCollapsible1725660483068
Justice boner material. They have a newsletter!
Daily crime journal wow
Ooo this might be fun to bookmark
The IRS might need a bigger budget to make them morally pay. Prosecution is expensive.
I’m entirely in support, of course, so I say we should increase the IRS’s budget and do it. But I also get why the IRS doesn’t want to walk up to Congress right now, hat in hand, and say “We spent more money prosecuting them than we gained” or anything close to that, and give the GOP ammo for defunding them again.
Yeah I’m hoping they snowball this money into pursuing others, and funding the ability to enforce these large bill dodges
For-profit framing of public services is indeed a problem, as we can see with prisons too. Probably, it’s better to call their avoided taxes stolen money, money stolen from regular citizen, and the return on them as a punishment for theft. And then point out how many investments in public infrastructure and services could’ve been done for these money: in miles of roads not layed, in new schools not built, - and that’s the same weight goes onto shoulders of regular Joes who millionaires stole them from. And insist that this kind of theft should be punished, for if regular americans are obligated to suffer the tax filling and paying process, it’s unfair these chuds with hired accountants and lawyers don’t.
https://www.cbo.gov/publication/60037
https://www.irs.gov/compliance/criminal-investigation/criminal-investigation-press-releases#collapseCollapsible1725660483068
At the very least an unpaid balance accrues interest and penalties
Only hunter Biden lol