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Number of millionaires targeted by the IRS for unpaid taxes in 2024?
2
Resolution / Starting Odds
Less than 1,000 • 25%
1,000 to 1,500 • 25%
1,500 to 2,000 • 25%
More than 2,000 • 25%
Official IRS 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.
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Less than 1,750 • 25%
1,750 to 2,000 • 25%
2,000 to 2,250 • 25%
More than 2,250 • 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%
Yes • 50%
No • 50%
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%
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No • 50%
Less than $500 million • 25%
$500 million to $1 billion • 25%
$1 billion to $2 billion • 25%
More than $2 billion • 25%
Yes • 50%
No • 50%
Less than 10,000 audits • 25%
10,000 to 20,000 audits • 25%
20,000 to 30,000 audits • 25%
More than 30,000 audits • 25%