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Rapidcreek@lemmy.world to News@lemmy.world · 1 year ago

IRS has already collected more than $500 million in back taxes from delinquent millionaires

www.marketwatch.com

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IRS has already collected more than $500 million in back taxes from delinquent millionaires

www.marketwatch.com

Rapidcreek@lemmy.world to News@lemmy.world · 1 year ago
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IRS collects more than $500 million in back taxes from delinquent millionaires
www.marketwatch.com
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Millionaires who were behind on their taxes have already paid half-a-billion dollars to get current with the IRS as the agency ratchets up high-level tax...
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  • citrusface@lemmy.world
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    1 year ago

    Wow 500million…

    So like… Nothing?

    • ThrowawayInTheYear23@lemmy.world
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      1 year ago

      $520 million is a good start.

      • Chozo@kbin.social
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        1 year ago

        It’s half of one billionaire. It’s a drop in the bucket.

        • Introversion@kbin.social
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          1 year ago

          It’s better than no drop.

          • queermunist she/her@lemmy.ml
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            1 year ago

            No it isn’t, it’s a trick to make people think progress is being made so they don’t do something drastic.

            • deur@feddit.nl
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              1 year ago

              This is a braindead take, lol

              • queermunist she/her@lemmy.ml
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                1 year ago

                The IRS doesn’t have to unveil back taxes paid by millionaire households. They do it for a reason. Why do you think that is?

  • BigMacHole@lemm.ee
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    1 year ago

    Getting $500MILLION from Millionaires is HORRIBLE! We need to SAVE that money by Starving Children instead!

    • Jaysyn@kbin.social
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      1 year ago

      Texas & 14 other #GOP states are doing just that.

  • Melllvar@startrek.website
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    1 year ago

    That’s an interesting euphemism for tax fraud.

  • Snot Flickerman@lemmy.blahaj.zone
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    1 year ago

    change that m to a b in “delinquent millionaires” and then we’ll have something.

    A guy with $2 million isn’t the problem, the guy with $1 billion is.

    “What’s the difference between a million and a billion?”

    “About a billion.”

    • speff@disc.0x-ia.moe
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      1 year ago

      Any shithead not paying their taxes is a problem

      -someone who actually pays taxes

    • yo_scottie_oh@lemmy.ml
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      1 year ago

      at first I thought this was gonna say “change that m to a b in $500 million” 🤣

      • Snot Flickerman@lemmy.blahaj.zone
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        1 year ago

        I mean, both would be good.

  • Lightrider@lemmynsfw.com
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    1 year ago

    Removed by mod

  • Default_Defect@midwest.social
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    1 year ago

    Is that all? Seems exceedingly low.

  • nicetriangle@kbin.social
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    1 year ago

    Could be a lot more, but I’ll take it. Hopefully they keep rolling. These people are a drain on society.

  • Habahnow@sh.itjust.works
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    1 year ago

    The article doesn’t seem to indicate the ROI of the influx of new money to the IRS vs extra money received because of this influx. Only reason I care about ROI with this agency is 1) only real agency that makes money. 2) IRS had indicated before that they can generate something like 7 USD per 1 USD they are given for funding and I’d like to see if that plays out.

    Regardless, I’m glad te IRS is getting the funding it needs to go after the rich.

    • SeaJ@lemm.ee
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      1 year ago

      They basically get an extra $6 billion each year over the next decade. So this would be a decent chunk of that. They have also recovered hundreds of millions in fraudulent PPP loans. They are also pushing to recover $29 billion in back taxes from Microsoft. A lot of those things they would not have been able to do before.

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