Posted on 07/14/2023 5:09:17 AM PDT by Oldeconomybuyer
WASHINGTON (AP) — The IRS is showcasing its new capability to aggressively audit high-income tax dodgers as it makes the case for sustained funding and tries to avert budget cuts sought by Republicans who want to gut the agency.
IRS leaders said they collected $38 million in delinquent taxes from more than 175 high-income taxpayers in the past few months.
In one case, an individual had used money owed to the government to buy a Maserati and a Bentley, and roughly 100 high-income individuals attempted to get favorable tax treatment through Puerto Rico without meeting certain tax requirements. Many of those cases are expected to face criminal investigation.
“It just shows you how much money is out there in delinquent taxes, and there are so many more cases for us to tackle,” said new IRS Commissioner Daniel Werfel, just four months into the job. “There’s just a significant opportunity there.”
The agency did not provide figures for how those high-dollar tax collections compared with previous years.
(Excerpt) Read more at apnews.com ...
And yet somehow The Big Guy...and his boy...were overlooked.
And it only cost them 45 million to do it.
but not a penny of the $5 million+ Hunter Biden owes!
For real but you don’t even need to go that far- just target ANY democrat in office or any loud mouthed racist, poverty-pimp.
The IRS has about 80,000 full-time equivalent employees. This is a drop in the bucket.
Who are they kidding....That $600 gets you a 1099K law wasn’t created for nothing.
$38,000,000 / 85,000 new armed IRS agents = $447 / new armed IRS agent
Did the IRS use their gunz?
That offsets the funds we sent to Ukraine, right?…
And if it took 71,000 new agents to find that the government lost money
How about Al Sharpton? Did you get anything from that grifter?
Stop discriminating against Italians, America.
Wow . Now the government can afford to buy another missile to give to the Ukraine
Ha! Or drive through DC and throw a rock out of your car window...you WILL hit a tax cheat
I'm all for it. But this isn't free. This cost a lot of money. And $38M is negligible in the scheme of the whole feral gubmint spending and certainly won't finance WWIII. And $38M /175 is $217K per high income tax payer. Let us assume high income means $10M per year [which is hardly the high income of say a succesful hedge fund manager] or more and this is the result of a tax audit of say 7yrs of income taxes - that's 3% of income or maybe %10 of total taxes owed.
While they may be slimeballs, this looks more like efforts to use tax loopholes to minimize taxes. Doesn't sound like tax evasion to me especially when no one, not even the IRS, understand exactly what the tax code says.
And I ain't defending slime balls - but a lot of them are at the IRS and other branches of government.
One reads the Ass-ociated Press article more closely, to learn that most of the prose is about the IRS wanting to keep its own funding up,
One also notices that NONE of the "175 high income taxpayers" are mentioned. How's that for investigative reporting?
Good. They finally got Al Sharpton. How long is his prison sentence, and how much did he have to pay up. Wait,,,,what?
What's the saying--"penny wise, pound foolish?" No need to be frugal when you're spending other people's hard earned money.
Federal employees? Seems a few years back there was a report on the large amount of Fed DC workers who owed tax. Yeah right, Biden going after those that voted for him. No chance.
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