Treasury, IRS announce ‘major milestone’ of $1 billion in past-due taxes collected from millionaires
Posted on AllSides July 11th, 2024
From The Center
The U.S. Department of the Treasury and the IRS on Thursday announced what they called a “major milestone” of collecting more than $1 billion in tax debt from high-income individuals over the past year.
With tens of billions in new funding, the IRS announced plans in September to expand its scrutiny of those making above $1 million annually with more than $250,000 in recognized tax debt.
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