Biden’s policy aids IRS in collecting $851B from ultra-rich tax debts
TL/DR -
The Internal Revenue Service (IRS) is set to collect hundreds of billions of additional tax revenue from the ultra-wealthy, thanks to funding from the Inflation Reduction Act. Tax revenues are expected to rise by as much as $561 billion from 2024 to 2034 due to increased enforcement. If this funding is renewed, the additional revenues…