#werfel — Public Fediverse posts

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.

Yellen said in a speech in Austin that in 2019, 🔥the top one percent of wealthy Americans owed more than one-fifth of all unpaid taxes, “leaving ordinary Americans to shoulder the burden.”

⭐️“To fix this, we’ve channeled IRS funding toward significant investments to combat tax evasion,” she said.
https://apnews.com/article/irs-treasury-tax-wealth-ira-2932f286c89b19b9ccecaaca2f4f2c2b