Tax cheats benefited from "debt ceiling crisis"

 

Last updated 6/21/2023 at 9:04am



The federal debt ceiling crisis was averted but tax cheats benefited.

The Inflation Reduction Act of 2022 contained $79 billion for the Internal Revenue Service (IRS); $45 billion of it was to audit individuals or businesses making over $400,000 dollars annually, to catch those not paying their taxes. Funding cuts for many years rendered the IRS largely unable to audit the wealthy. Currently, the...



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