IRS Commissioner Daniel Werfel said that with a boost in federal funding and the help of artificial intelligence tools, the agency has new means of targeting wealthy people who have “cut corners” on their taxes.
“If you pay your taxes on time it should be particularly frustrating when you see that wealthy filers are not,” Werfel told reporters in a call previewing the announcement. He said 1,600 millionaires who owe at least $250,000 each in back taxes and 75 large business partnerships that have assets of roughly $10 billion on average are targeted for the new “compliance efforts.”
In other news, 1600 millionaires have made significant donations to their Congressmen and paid lobbyists. Expect a new “The IRS is evil” campaign soon.
They’d rather give money to one person than support their country that lets them have success.
Donors should be taxed at double the percentage.