IRS Announces $1B in Overdue Collections from Wealthy, Praises Funding
TL/DR -
The IRS has collected $1 billion from millionaires who owe back taxes, targeting approximately 1,600 individuals with incomes over $1 million a year and tax debts exceeding $250,000 each. This was achieved through efforts made possible by the Inflation Reduction Act, which increased the IRS budget by roughly $80 billion over 10 years and…