Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of PoliticsBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Halls of Shrewd'm / US Policy
Unthreaded | Threaded | Whole Thread (1) |
Author: commonone   😊 😞
Number: of 84359 
Subject: IRS Collects $160 Million
Date: 10/24/23 12:25 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 11
Republicans have fought tooth and nail against hiring IRS agents, with ousted House Speaker Kevin McCarthy (and dozens of other republican politicians) claiming: "Democrats in Washington plan to hire an army of 87,000 IRS agents so they can audit more Americans like you."

Well, okay... if you are an ultra-rich tax cheat.


The Internal Revenue Service has collected $160 million in back taxes this year by cracking down on millionaires who haven't paid what they owe, the agency said Friday.

The recent effort to target high-income individuals has been boosted by an increase in federal funding provided by Democrats last year through the Inflation Reduction Act. Republicans have criticized the amount of money the IRS is getting, and future funding is uncertain.


One individual was ordered to pay more than $15 million in restitution for claiming the construction of his 51,000-square-foot mansion complete with an outdoor pool and pool house, as well as tennis, basketball and bocce courts was a business expense rather than a personal expense.

But republicans evidently think that's just fine.

cnn.com - IRS millionaire tax collection

Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to commonone here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
It's going to get worse · 33 recs · 2025
G’day Donny · 30 recs · 2026
Old Related Story · 28 recs · 2026
HCR is a national treasure · 27 recs · 2025
Fascism in America · 27 recs · 2025
Unthreaded | Threaded | Whole Thread (1) |


Announcements
US Policy FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of Politics | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community