News, views and advertising of the Grand Coulee Dam Area

Tax cheats benefited from "debt ceiling crisis"

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...

 

Reader Comments(0)

 
 
Rendered 12/13/2024 10:13