IRS says it collected $38 million from more than 175 high-income tax delinquents

The Associated Press ^ | July 14, 2023 | BY FATIMA HUSSEIN

[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.

[Trailerpark Badass]

Lol

[Night Hides Not]

When I started working at the FDIC, we were all required to show we were compliant on our taxes.

Wow, $38 million? That will fund the federal government for about 5 seconds.

[P.O.E.]

Only 100 Trillion to go.

[mewzilla]

The IRS does it in the open.

Home equity theft states do it on the sly.

[CodeToad]

A 7 second gain in government spending.

[Sacajaweau]

You mean like 6 in the morning...

[Robert DeLong]

Is the IRS trying to boast here? 38 million!!!! 🤣 Chicken feed compared to what the government actually wastes, in a single day.

[joethedrummer]

Sharpton??

“Reverend” Al Sharpton, anyone??

[joshua c]

yes but you do not need 87000 new agents to do that

[butlerweave]

but no democrats

[damper99]

Has Al Sharpton paid up yet?

[Vaduz]

DING DING DING a winner

[Svartalfiar]

Everyone would be much easier to audit if they simplified taxes a bunch.

Get rid of almost every deduction, credit, AMT, etc etc etc etc.
Every individual gets, say, a $15M deduction.
Married jointly gets a bonus $5M deduction. (So $35M for a married couple)
Every dependent is an additional $10M deduction.
All income after that is flat 10%.

This’d work great until we can eliminate federal income taxes completely and switch to a by-State funding method.

[Svartalfiar]

IRS leaders said they collected $38 million in delinquent taxes from more than 175 high-income taxpayers in the past few months.

And what was the total cost of employees in collecting these payments? Months of salary for how many line agents, supervisors, data clerks, phone-callers, phone-answerers, IT support, etc. Health, PTO, dental, retirement, etc benefits? How many flights to Puerto Rico and week-long stays at the fancy hotel in order to interview these terrible tax dodgers?

So the government spent what, $37,999,950 (per their balance sheet) in order to recover $38,000,000?

[Cobra64]

It cost $50 million in payroll.

[2harddrive]

How much money did they collect from HUNTER BIDEN?

[bobcat62]

Al Sharpton, anyone?

[SaveFerris]

Ukraine - what, around 175-200 billion?

I’ve lost count

But 38 million

We still may be a little short

🤣

[SaveFerris]

Exactly what I was thinking

[SaveFerris]

(Has Al Sharpton paid up yet?)

Again. Good question.