Americans Suffered $7B In Tax Penalties Last Year Following Biden Admin’s Additional Funding Of IRS, Thousands Of Added Positions

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Americans Suffered $7B In Tax Penalties Last Year Following Biden Admin's Additional Funding Of IRS, Thousands Of Added Positions

According to a report, the Internal Revenue Service (IRS) imposed $7 billion in extra tax penalties last year, about four times the $1.8 billion it assessed in 2022 following the Biden administration's push for increased funding and enforcement of the agency.

Source: Americans Suffered $7B In Tax Penalties Last Year Following Biden Admin's Additional Funding Of IRS, Thousands Of Added Positions