The IRS recouped $1.3 billion in unpaid taxes from rich Americans

The Internal Revenue Service launched a crackdown on rich Americans who don’t pay their taxes under the Inflation Reduction Act. In less than a year, the agency has recovered more than $1 billion. It recouped $172 million from 21,000 wealthy Americans who haven’t paid their taxes since 2017, the tax collector announced Friday alongside the U.S. Department of the Treasury. The IRS also recovered $1.1 billion from millionaires with delinquent tax debt. The announcement highlights the early achievements of the initiative, introduced by the IRS last fall and funded by...