Treasury, IRS announce 'major milestone' of $1 billion in past-due taxes collected from millionaires

The U.S. Department of the Treasury and IRS announced a "major milestone" of collecting more than $1 billion in past-due taxes from millionaires.

The Treasury Department and the IRS announced the collection of more than $1 billion in tax debt from high-income individuals over the past year.
In September, the IRS announced plans to expand its scrutiny of those making more than $1 million annually with more than $250,000 in recognized tax debt.
However, the funding enacted in 2022 that is allowing the IRS to pursue its plans still has its critics, particularly among congressional Republicans.