IRS recoups only $4.7B with $80B boost from Inflation Reduction Act and now faces $20B GOP cuts.

by
Sharing is Caring!

TLDR:

  • IRS recouped $4.7B from unpaid taxes and criminal proceeds after Inflation Reduction Act boost.
  • $1.3B from overdue taxes by wealthy individuals.
  • $2.9B from criminal cases targeting drug traffickers, cybercriminals, and terrorist financiers.
  • $475M from whistleblower tips on hidden income and tax fraud.
  • $292M from 28,000 high earners who hadn’t filed since 2017.
  • IRS-Criminal Investigation uncovered $9.1B in fraud, seized $1.2B in assets.
  • 90% conviction rate, making tax dodgers more cautious.
  • GOP wants to cut IRS funding, with plans to replace IRS Commissioner with Billy Long.
See also  Fani Willis has to turn over all the evidence proving that she colluded with Jack Smith and the Jan 6 Committee when she abused the power of her office to produce an unwarranted and illegal prosecution of Donald Trump

See also  South Korea faces a population collapse with a 0.68 fertility rate in 2024. 2/3 of Korea will disappear every generation.

The IRS is collecting billions, exposing criminals, and catching the wealthy skimping on taxes—yet Republicans want to cut its funding and install an auctioneer as the new commissioner. Let that sink in.