IRS collects milestone $1B in back taxes from high-wealth taxpayers

Didn't congress add 30bln to the IRS budget solely for this purpose, and the return is 1bln? I wonder if they even know what the outlays are for collection...will they ever collect more than the 30bln they allocated? How much does everyone need to be squeezed just to retrieve that 30bln allocation...All the smartest wealthiest people have the best accountants and moved/invested/capexd their money legally to begin with, within the letter of the law and rules anyway.

> Didn't congress add 30bln to the IRS budget solely for this purpose

$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.

[1] https://www.cbo.gov/publication/59972

[2] https://www.cbo.gov/publication/60037

So that's still $8bn to collect $1bn.

Or am I missing something?