IRS Announces Plans to Eliminate Tax Loophole Affecting Wealthy Individuals
Monday, 17 June 2024, 16:16
IRS to Close Tax Loophole for Wealthy Taxpayers
The Internal Revenue Service (IRS) is cracking down on a tax loophole that benefits affluent individuals.
Action Plan and Revenue Impact
- Projected Revenue: Over $50 billion expected over the next ten years.
This decision will reshape the tax strategies of wealthy taxpayers and significantly contribute to government revenue streams.
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