$80bn through 2031, or about $8bn per year [1]. That is projected to buy us well over a trillion dollars of new revenue [2].
FTA: “In June, the Treasury proposed a rule and guidance that includes plans to essentially stop “partnership basis shifting” — a process by which a business or person can move assets among a series of related parties to avoid paying taxes. That could raise more than $50 billion in revenue over the next decade, Treasury said.”
> the smartest wealthiest people have the best accountants and moved/invested/capexd their money legally to begin with
Now do the dumbest wealthy.
Or am I missing something?
No.
> Or am I missing something?
Read the article and the CBO report [1].
$8bn produced this $1bn. It also produced other additional revenue. CBO projects $6.40 of new revenue for each dollar spent by the IRS.