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This only affects the IRS's cashflow, it's a matter of collecting as the title states. No new policies or tax laws are responsible for this $1B. Just working ha
by mylastattempt 2y ago
This only affects the IRS's cashflow, it's a matter of collecting as the title states. No new policies or tax laws are responsible for this $1B. Just working harder or more focussed at collecting. A good thing, for sure, but not something new or newsworthy for HN if you ask me.
- snotrockets 2y agoThere is a new policy: the IRS was funded to allow investigating and collecting that. For years it was starved, just so it wouldn't be able to. The ROI in investing in the IRS is amazing.
- mylastattempt 2y agoWhile I was aware that the IRS is begin systematically underfunded, you just helped me learn that this $1B was a direct result of a change in that funding/policy. Thanks for sharing!
- snotrockets 2y agoIt’s part of the inflation reduction act https://www.whitehouse.gov/cea/written-materials/2024/02/08/empowering-the-irs-understanding-the-full-potential-of-the-inflation-reduction-acts-historic-investment-in-the-internal-revenue-service/ https://www.whitehouse.gov/cea/written-materials/2024/02/08/...