FWIW the US federal budget for 2024 is going to be about $6.8 trillion dollars. So that $1.3 billion is about 0.019% of the total budget. I’d call that a slap on the wrist for the billionaire class except that you can actually feel a slap on the wrist.
Fine, revenues are $4.9 trillion. My point is that $1.9 billion is literally a drop in the bucket - hardly an example of the IRS “going after rich people”.
Just want to reiterate that the IRS get their marching orders from the party in charge which is why they targeted rich people under Biden: The IRS has recovered $1.3 billion from rich American tax dodgers since the fall of 2023 — relieving a painful burden from ‘ordinary citizens’
FWIW the US federal budget for 2024 is going to be about $6.8 trillion dollars. So that $1.3 billion is about 0.019% of the total budget. I’d call that a slap on the wrist for the billionaire class except that you can actually feel a slap on the wrist.
That’s entirely the wrong denominator for this comparison. IRS doesn’t write the budget nor do they write tax law, they just collect.
Fine, revenues are $4.9 trillion. My point is that $1.9 billion is literally a drop in the bucket - hardly an example of the IRS “going after rich people”.