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IRS says it will collect hundreds of billions
more in unpaid and overdue taxes, thanks
to new funding

Original Article

Posted By: OhioNick, 2/7/2024 4:23:23 AM

The IRS said it is poised to reap hundreds of billions of dollars of additional tax revenue by going after overdue and unpaid taxes, far beyond what was previously anticipated, thanks to funding from the Inflation Reduction Act (IRA). The new analysis, released Tuesday by the Treasury Department and the IRS, estimates that tax revenues are expected to rise by as much as $561 billion from 2024 to 2034, thanks to stepped-up enforcement made possible with money from the Democrats' IRA, which became law in August 2022.

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Reply 1 - Posted by: Jiobaobubai 2/7/2024 4:47:20 AM (No. 1652512)
From Hunter and Joe?
59 people like this.

Reply 2 - Posted by: Strike3 2/7/2024 5:15:09 AM (No. 1652515)
Wonderful. Now we can pay down the national debt, right?
31 people like this.

Reply 3 - Posted by: Venturer 2/7/2024 5:39:32 AM (No. 1652527)
We needed all of those new IRS people to go after the Billionaires. Look out Middle class, here come the ram.
42 people like this.

Reply 4 - Posted by: triggerberg 2/7/2024 6:58:30 AM (No. 1652558)
Does that mean Al Sharpton will finally have to pay his taxes? I’m not good at holding my breath.
58 people like this.

Reply 5 - Posted by: judy 2/7/2024 6:59:52 AM (No. 1652560)
Does this include Hunter?
33 people like this.

Reply 6 - Posted by: danoso 2/7/2024 7:01:57 AM (No. 1652562)
No, they won’t.
18 people like this.

Reply 7 - Posted by: Krause 2/7/2024 7:16:28 AM (No. 1652563)
CB(iden)S telling how wonderful the president is.
13 people like this.

Reply 8 - Posted by: Lazyman 2/7/2024 7:24:34 AM (No. 1652564)
Yeah, they will go after the super donors to the Dim party. Look out below.
11 people like this.

Reply 9 - Posted by: FleetUSA 2/7/2024 7:28:24 AM (No. 1652565)
If you believe the IRS, I've got a beautiful bridge to sell you.
20 people like this.

Reply 10 - Posted by: Samsquanch 2/7/2024 7:57:41 AM (No. 1652572)
Put the IRS at the border, that'll stop the illegal immigration.
17 people like this.

Reply 11 - Posted by: smokincol 2/7/2024 8:01:12 AM (No. 1652574)
the IRS .... stealing from the rest of us to benefit the least of us - per order of the demcommie party which, even though they are not "in power" they still run the country and - boy have they messed it up!! MAGA is the only answer and the only solution
16 people like this.

Reply 12 - Posted by: bpl40 2/7/2024 8:37:21 AM (No. 1652594)
Conservatives, patriots, those on this site, will be specially marked out!
12 people like this.

Reply 13 - Posted by: udanja99 2/7/2024 8:55:25 AM (No. 1652603)
Are they finally going to collect that $4 million (plus interest and fines) from the Reverend Al?
17 people like this.

Reply 14 - Posted by: Words have Meaning 2/7/2024 9:00:21 AM (No. 1652611)
Remember...You can only take extra money from the so-called rich people one time. After that, they have no more money. And this amount of "taken" revenue won't begin to put even a small dent in our national debt. The additional revenue will probably be redirected to another program and no savings will occur.
12 people like this.

Reply 15 - Posted by: red1066 2/7/2024 9:10:51 AM (No. 1652623)
Hundreds of billions? That equals the amount of money the government wastes in a day.
14 people like this.

Reply 16 - Posted by: stablemoney 2/7/2024 9:13:23 AM (No. 1652629)
No, it will not! Yes, there is billions of unpaid taxes that the IRS has not tried to collect for decades, and they won't collect them now, as the tax scoffers have spent the money, and have little left to pay the IRS.
7 people like this.

Reply 17 - Posted by: Rumblehog 2/7/2024 9:17:31 AM (No. 1652633)
Look for more "selective enforcement" of the law by Democrats. We'll know they're serious if they hang the corrupt Demonrat Senator from New Jersey... "Gold Brick" Bob.
12 people like this.

Reply 18 - Posted by: cor-vet 2/7/2024 9:29:42 AM (No. 1652642)
More money for Ukraine?
7 people like this.

Reply 19 - Posted by: hershey 2/7/2024 9:32:07 AM (No. 1652644)
Enforced by by the 80,000 new, armed, IRS agents....
13 people like this.

Reply 20 - Posted by: Quigley 2/7/2024 9:44:53 AM (No. 1652649)
Quoting the IRS further: "Thanks to new interpretations of tax law by Judged Engorged of New Yorks and beloved jurist Jack O. Smith of central eastern europe, we will be able to assess hard working Americans for taxes they don't even owe! This is a real victory for the people of South America and Ukraine!"
8 people like this.

Reply 21 - Posted by: WhamDBambam 2/7/2024 9:56:34 AM (No. 1652652)
Do democrats pay taxes?
8 people like this.

Reply 22 - Posted by: LC Chihuahua 2/7/2024 10:03:47 AM (No. 1652655)
Witness the weaponization of the IRS. Just like the weaponization of every other segment of government.
11 people like this.

Reply 23 - Posted by: FJB 2/7/2024 10:04:53 AM (No. 1652656)
The Federal Government--from that treasonous fraud of a president on down--are criminals. Take Back America Patriots should remember that preparing for this year's Income Tax Stick Up. MAGA
8 people like this.

Reply 24 - Posted by: czechlist 2/7/2024 10:19:00 AM (No. 1652660)
and those hundreds of billions will just cover the IRS' new funding
5 people like this.

Reply 25 - Posted by: Mcscow sailor 2/7/2024 10:24:56 AM (No. 1652662)
The expected jump in new collections…even if realized…is less than the jump in new IRS costs of collections.
6 people like this.

Reply 26 - Posted by: Maggie2u 2/7/2024 10:30:01 AM (No. 1652664)
A great political ad would be showing a sold out football stadium and a voice over saying how many there are in attendance. Fifty thousand (or whatever,) and the Biden administration has hired 87,000 armed IRS agents. Now, there aren't that many billionaires or millionaires in our country so those armed thugs will be coming after thousandaires and hundredaires. But of course the stupid party won't do this. They're to busy making sure all the corrupt politicians in Ukraine are getting their salaries and pensions paid.
9 people like this.

Reply 27 - Posted by: rockeysroomie 2/7/2024 10:56:07 AM (No. 1652676)
All hat and no cattle! And what #26 said.
2 people like this.

Reply 28 - Posted by: VirtuDawg 2/7/2024 11:11:59 AM (No. 1652680)
More insightful "news" (propaganda) from the ever-reliable Dim mouthpiece See-BS.
3 people like this.

Reply 29 - Posted by: padiva 2/7/2024 11:28:22 AM (No. 1652686)
#27 great thoughts!
1 person likes this.

Reply 30 - Posted by: Gordon Mills 2/7/2024 11:59:33 AM (No. 1652698)
Prove it
1 person likes this.

Reply 31 - Posted by: DVC 2/7/2024 12:17:21 PM (No. 1652709)
LIARS. They'll be lucky to actually collect an added $5 million. Just more lies from bureaucrats.
6 people like this.

Reply 32 - Posted by: woodenleg 2/7/2024 12:51:46 PM (No. 1652718)
Good thing I'm a registered democrat..... ; )
3 people like this.

Reply 33 - Posted by: enemyofthestate 2/7/2024 1:11:18 PM (No. 1652723)
Who isn't Lois Lerner in federal prison?
2 people like this.

Reply 34 - Posted by: enemyofthestate 2/7/2024 1:15:44 PM (No. 1652726)
Why isn't Lois Lerner in federal prison? I meant why, not who.
7 people like this.

Reply 35 - Posted by: paral04 2/7/2024 4:06:52 PM (No. 1652814)
Does this mean they will start auditing our highest level government employees a like the Bidens and his merry band?
1 person likes this.

Reply 36 - Posted by: edgar 2/7/2024 4:53:40 PM (No. 1652849)
Looks like they may have borrowed Michael Mann's hockey stick algorithm to predict the future collections.
1 person likes this.

Reply 37 - Posted by: MickTurn 2/8/2024 1:35:52 PM (No. 1653403)
Actually the IRS is admitting they WERE NOT doing their Job, but harassing Citizens for No Reason!
0 people like this.

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