IRS Recoups $1.3 Billion That Rich Tax Cheats Haven’t Paid Since 2017

Initiative Stands in Contrast to 2017 GOP Tax Law That Gave A Tax Windfall to the Wealthy & Corporations

TUCSON — The IRS announced Friday that it has collected $1.3 billion from wealthy tax cheats who were targeted because they haven't filed taxes since 2017— the same year the GOP Tax Law passed, giving major tax breaks to the ultra-wealthy and corporations. The IRS's ability to go after those wealthy tax cheats came from the Inflation Reduction Act that the Biden-Harris administration enacted in 2022, which aimed to hold corporations and rich tax cheats accountable while lowering costs for working families and seniors.

According to The Hill:

"Starting in February 2024, the IRS launched its plan of pursuing 125,000 'high-income, high-wealth taxpayers' who had not filed taxes since 2017. Those individuals were targeted after the IRS found third-party materials, like a W2 or 1099 form, that indicates these people received income but did not file their tax returns.

Many provisions of the 2017 GOP Tax Law – provisions that benefited the wealthy while doing next to nothing for working Arizona families – are set to expire in 2025 unless Congressional Republicans try to extend them.

"While the 2017 GOP Tax Law handed out tax cuts to the wealthy and corporations while doing next to nothing for the rest of us—the Biden-Harris administration’s Inflation Reduction Act is making sure the ultra-wealthy pay their taxes." said Andrea Moreno, Executive Director of Honest Arizona."The wealthy need to pay their fair share, and giving the IRS the power to crack down on tax cheats makes sure we're balancing the playing field for Arizonans families.”

###