Posted on 09/06/2024 5:53:06 PM PDT by ChicagoConservative27
WASHINGTON -- 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.
(Excerpt) Read more at abcnews.go.com ...
1.3 Billion? Congratulations.
That’ll just about cover a half a days INTEREST owed on the National Debt.
Maybe a few hours.
Wow, more money for the Ukraine
they could’ve ‘recovered’ a few hundred billion by not pouring it into ukrainian pockets (while taking their own 10%)
If this is a milestone in IRS collections it’s from some distant past wayback machine. I worked for the IRS under Reagan (actually 71 thru 84) collecting from the deadest of deadbeats and IFIRC I averaged over $1M in annual collections, which was about average, and there were (at that time) about 4,000 employees like me nationwide. That would calculate to about $4Billion a year in collections. Seems like today’s IRS, under Democrat administration, is going backwards—waaayyyy backwards.
$1.3 billion collected by 85,000 new IRS agents for an average of $15,294.12 per agent.
Very impressive. </sarcasm>
Let’s see how much they collect when/if Kamala steals the election and all the rich leave the country, all those “evil” rich people who invest in all those horrible companies that create jobs, careers and pride in people so they don’t have to go on their knees to the government for crumbs.
IRS campus?
WTF...
You bet...The U.S. government spends like a drunken lottery winner... $1.3 billion is a joke...It eats through that in minutes.
Mostly from Demcrats.
Ukraine needs the money.
You are aware, many here are not, so worth repeating:
From Reagan's EO12369 creating the Grace Commission, the report states:
"With two thirds of everyone's personal income taxes wasted or not collected, 100 percent of what is collected is absorbed solely by interest on the federal debt and by federal government contributions to transfer payments. In other words, all individual income tax revenues are gone before one nickel is spent on the services that taxpayers expect from their government."
It gets worse too, when the GOPe/uniparty raised the debt ceiling Xiden went and spent it too, causing all this inflation. It was really caused by this POS congress giving fake printed money to Xiden. At this rate some 5.5 billion in debt is piled on the national debt every day.
That much money will buy you the front end of a nuclear sub.
Ask the IRS how many billions were stolen from Covid/Bilen plans which the IRS administered.
wow. thanks for the comment. even tax collection was more efficient under the great RR.
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