#TaxUpdate: The IRS has collected over $520 million from 1,600 millionaires with unpaid taxes! With funding from Biden's #InflationReductionAct, the IRS has collected over $520 million from 1,600 millionaires with unpaid taxes! According to new estimates from the Treasury Department and the IRS, tax revenues are expected to rise by as much as $561 billion from 2024 to 2034 due to increased enforcement made possible by the new funding. Renewal of the Act could bring in an additional $851 billion. 💰 #treasurydepartment #irs #taxation #taxes #biden #inflation