Summary

The IRS announced it has recovered $4.7 billion in back taxes and criminal proceeds since receiving $80 billion in funding through the 2022 Inflation Reduction Act.

This includes $1.3 billion from wealthy tax dodgers and $2.9 billion from criminal investigations.

Despite these gains, the IRS faces funding cuts: $1.4 billion was rescinded earlier, and $20 billion is frozen or redirected under recent budget deals.

Republicans, under a new majority, aim to further reduce IRS funding and renew Trump-era tax cuts. Trump has nominated Billy Long as the next IRS commissioner, drawing criticism from Democrats.

  • Crazyslinkz@lemmy.world
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    1 day ago

    Why?

    Roads, schools, fire department,…

    The large one defense budget (possible theft here)…

    Why do you think “taxation is theft”?

      • chingadera@lemmy.world
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        1 day ago

        I bet it’s that the think they will one day own the benefits of a civilized society, and want to preemptively pull the ladder up while making money off the backs of everyone else. You know, like a parasite.