Yellen: Inflation Reduction Act resources aided collection $1.3B from wealthy tax delinquents
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Sept. 6 (UPI) -- The Treasury Department and Internal Revenue Service on Friday said they have collected $1.3 billion from high-income, high-wealth individuals under new initiatives under the Inflation Reduction Act. The Treasury said the IRS had recovered $172 million in taxes owed by wealthy individuals after launching a program in February to track down 125,000 individuals who had not filed taxes since 2017 but received $400,000-$1 million or more in income. Advertisement Additionally, The
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