Remember when the Democrats handed $80 billion to the IRS when they passed the hilariously named “Inflation Reduction Act”? Congress shaved a quarter of that off as part of the debt ceiling deal, but that still means that taxpayers forked over $60 billion to the taxman.
What do we have to show for giving tens of billions of our hard-earned money to the IRS? Left-wing fever dream press releases like the one that the IRS trotted out on Thursday:
As part of continuing compliance efforts under the Inflation Reduction Act, the Internal Revenue Service today announced the agency has surpassed the $1 billion mark in collections from high-wealth taxpayers with past-due taxes.
As part of larger efforts taking place, the IRS has stepped up activity specifically on 1,600 individuals whose incomes were more than $1 million per year and who each owed the IRS more than $250,000 in recognized tax debt. Since last fall, this IRS compliance effort has generated more than $1 billion in collections from this group, with work continuing in this area. […]
– Read More: pjmedia.com
