The IRS plans to go after 125,000 high-income earners who did not file tax returns going back to 2017 — and the agency says hundreds of millions of dollars of unpaid taxes are involved in these cases.
Beginning this week, the IRS will start sending out noncompliance letters to more than 25,000 people who earn more than $1 million per year and 100,000 people with incomes between $400,000 and $1 million who failed to pay their taxes between 2017 and 2021.
The campaign announced Thursday is part of the agency’s ongoing effort to pursue high wealth tax cheats — mandated in part by funding provided through Democrats’ Inflation Reduction Act passed into law in 2022 and a directive from Treasury Secretary Janet Yellen to IRS leadership not to increase audit rates on people making less than $400,000 a year annually.
The IRS is one police agency I want to see fully funded.
Every dollar they take the IRS finds another seven. Fund the IRS, eat the rich
Back in the day, New York Mayor Rudy Giuliani came up with a 'broken windows' strategy for cleaning up the city. He told the cops to arrest everyone they could, no matter how small the crime.
Probably increase the tax revenue a dozen times if rich folks had to worry about 'stop and frisk'