> The agency identified about 1,600 taxpayers with more than $1 million in income and more than $250,000 in tax debt. To date, more than $1 billion has been rec

> The agency identified about 1,600 taxpayers with more than $1 million in income and more than $250,000 in tax debt. To date, more than $1 billion has been recovered from those individuals, and the effort is ongoing. This is about individuals with $1m in annual income, not $1m in assets. Unless you were extremely lucky in your fund selection, $1m/yr in income from a 401k is unlikely.