IRS Estimates $561B Tax Revenue Rise With Crackdown on Corporations and the Rich

Republicans have waged a multiyear effort to claw back the funding that allows the IRS to increase scrutiny on the rich.

The Internal Revenue Service (IRS) stands to collect an additional hundreds of billions of dollars in taxes over the next decade that would otherwise likely be dodged, thanks to the agency’s new efforts to crack down on corporations and the wealthy enabled by Democrats’ infusion of funding after a steady decrease in funding over past decades by conservative lawmakers. According to a report...

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This post was originally published on Latest – Truthout.


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Sharon Zhang | radiofree.asia (2024-05-08T19:27:31+00:00) » IRS Estimates $561B Tax Revenue Rise With Crackdown on Corporations and the Rich. Retrieved from https://radiofree.asia/2024/02/07/irs-estimates-561b-tax-revenue-rise-with-crackdown-on-corporations-and-the-rich/.
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" » IRS Estimates $561B Tax Revenue Rise With Crackdown on Corporations and the Rich." Sharon Zhang | radiofree.asia [Online]. Available: https://radiofree.asia/2024/02/07/irs-estimates-561b-tax-revenue-rise-with-crackdown-on-corporations-and-the-rich/. [Accessed: 2024-05-08T19:27:31+00:00]
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» IRS Estimates $561B Tax Revenue Rise With Crackdown on Corporations and the Rich | Sharon Zhang | radiofree.asia | https://radiofree.asia/2024/02/07/irs-estimates-561b-tax-revenue-rise-with-crackdown-on-corporations-and-the-rich/ | 2024-05-08T19:27:31+00:00
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