Political Quotes

“I stand here today on March 11, 35 days away from April 15, the tax filing deadline for 2024. This is certainly not a joyful or happy event, but it is important to acknowledge that the IRS recently reported that 85 percent of Americans pay their taxes on time. For most others, extensions are requested due to paperwork delays, illness, or other exigencies, which is proof that the vast majority of Americans understand their civic and legal duty to file a return. Mr. Speaker, 2 weeks ago, the IRS announced an astonishing new initiative to chase down 125,000 high-income individuals who--get this--have failed to even file a tax return since 2017. That is right, 125,000 cases have been opened on individuals with income over $400,000 per year that filed no returns in the last 6 years--25,000 of those cases involved individuals with incomes of over $1 million per year. It is hard to believe that anyone with that level of income would have the chutzpah to refuse to file a return and think they would get away with it. In fact, the IRS has reported that in all these cases, they received third-party information, such as W-2 forms from employers and 1099 forms from financial institutions that clearly indicate these people received income in these ranges but never filed their own return, and, of course, never paid the legally required tax. How is it possible that such flagrant, arrogant behavior went unnoticed, you might ask?…”