IRS recovers $1.3 billion from rich people who ducked taxes

The IRS has now clawed back $1.3 billion from the country’s wealthiest taxpayers using initiatives launched after President Biden won historic funding increases for the tax agency. Democrats’ budget-climate law in 2022 infused tens of billions of dollars into the IRS, with a large chunk of that dedicated to audits Mr. Biden said would force the wealthy to pay what they owe. One of those initiatives targeted 125,000 wealthy households that hadn’t filed taxes for years. Six months into the effort, some 21,000 of them have paid up, to a...