French Finance Minister announces plans for a global billionaire tax to prevent tax avoidance by the ultra-rich. The IRS has uncovered significant amounts of unpaid taxes from wealthy individuals, highlighting the importance of funding the IRS to combat tax evasion and recover lost revenue.
The nation’s millionaires and billionaires are evading more than $150 billion a year in taxes, according to the head of the Internal Revenue Service.
Thanks to the Inflation Reduction Act, the IRS found more than 125,000 wealthy tax cheats, who haven't filed taxes SINCE *2017*! Collectively, these wealthy tax cheats have skipped out on paying their fair share for years, owing hundreds of millions of dollars in unpaid taxes. https://t.co/yEZ9rj7ooF
House Republicans have spent years defunding the IRS so their billionaire donors can get away without paying the taxes they owe. For every $1 we put into the IRS, we get $6 back from wealthy tax cheats—money we can invest in climate action and affordable homeownership. https://t.co/DspptOGvP8