The U.S. Internal Revenue Service said Thursday it has recovered $1 billion in unpaid taxes from high-wealth tax evaders, marking a significant achievement in its efforts to enforce tax compliance. “With this collection activity, the IRS has passed an important milestone in our efforts to improve compliance and ensure fairness in the tax system,” said […]
“Almost nobody says we should have the richest pay the least. And yet when we look around the country, the vast majority of states have tax systems that do just that.” Nearly every state and local tax system in the U.S. is fueling the nation’s inequality crisis by forcing lower- and middle-class families to contribute […]
“Further evidence that this was never about the debt. It’s about squeezing families to protect billionaires.” Republican negotiators are reportedly close to securing as much as $10 billion in cuts to recently approved Internal Revenue Service funding as part of a debt ceiling deal with the White House, a development that critics said further shows the GOP’s […]
“The Treasury Department can and should exercise the full extent of its regulatory authority to limit this blatant abuse of our tax system by the ultrawealthy.” Four U.S senators this week called on Treasury Secretary Janet Yellen to use her existing authority to go after American billionaires and multimillionaires who “use trusts to shift wealth […]