Loading...
Market
Amount of funding allocated to the IRS for tax enforcement in the next fiscal year?
3
Resolution / Starting Odds
Less than $10 billion • 25%
$10 billion to $15 billion • 25%
$15 billion to $20 billion • 25%
More than $20 billion • 25%
Official government budget announcements and Treasury Department reports
Story
IRS Collects Milestone $1 Billion in Unpaid Taxes from Millionaires
Jul 11, 2024, 11:05 AM
The IRS has collected a milestone $1 billion in unpaid taxes from approximately 1,500 millionaires. This significant recovery is part of a broader effort to ensure wealthy taxpayers meet their obligations, bolstered by the funding received through the Biden administration’s 2022 climate, health care, and tax package, known as the Inflation Reduction Act. The Treasury and IRS have announced this as a 'major milestone,' highlighting the success of initiatives launched over the past two years to crack down on high-wealth tax cheats. This recovery, which doubles the total collected from earlier this year, also aims to increase tax fairness and reduce the deficit.
View original story
Similar markets
Significant increase in tax revenue • 25%
Moderate increase in tax revenue • 25%
No significant change in tax revenue • 25%
Decrease in tax revenue • 25%
Yes • 50%
No • 50%
No cuts • 25%
Cuts up to 10% • 25%
Cuts between 10% and 20% • 25%
Cuts over 20% • 25%
Less than $8 billion • 25%
$8 billion to $9 billion • 25%
$9 billion to $10 billion • 25%
More than $10 billion • 25%
Yes • 50%
No • 50%
Less than $2 billion • 25%
$2 billion to $3 billion • 25%
$3 billion to $4 billion • 25%
More than $4 billion • 25%
Less than $1.5 billion • 25%
$1.5 billion to $2 billion • 25%
$2 billion to $2.5 billion • 25%
More than $2.5 billion • 25%
Yes • 50%
No • 50%
Less than $500 million • 25%
$500 million to $1 billion • 25%
$1 billion to $2 billion • 25%
More than $2 billion • 25%
