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...
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.
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.
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.
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.