The U.S. Department of the Treasury and the IRS on Thursday announced what they called a “major milestone” of collecting more than $1 billion in tax debt from high-income individuals over the past year.
With tens of billions in new funding, the IRS announced plans in September to expand its scrutiny of those making above $1 million annually with more than $250,000 in recognized tax debt
Great example of government efficiency.
They spent tens of billions to collect a billion. And since those tens of billions are likely mostly salaries of drones who can never be fired, we'll continue to pay that for decades after the millionaires have tweaked their tax strategies to avoid this little hiccup.