During Fiscal Year (FY) 2023, the IRS collected nearly $4.7 trillion in gross taxes, processed almost 271.5 million tax returns and other forms, and issued about $659.1 billion in tax refunds. [1]

IRS’s actual expenditures were just over $16.1 billion for overall op­erations in Fiscal Year (FY) 2023. [2]

[1] https://www.irs.gov/statistics/soi-tax-stats-irs-data-book

[2] https://www.irs.gov/statistics/irs-budget-and-workforce

For those rich folk out there, did you know that you can voluntarily give more money than the IRS requires?

https://www.treasurydirect.gov/government/public-debt-report...

Discussion (60 points, 15 days ago, 92 comments) https://news.ycombinator.com/item?id=40939376

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Dumb. It’ll literally be spent in hours.

The problem is the spending, not the collection.

Israel and Ukraine say thank you

A reminder that taxes don't fund the government they curb inflation. The government funds itself by printing money and taking out loans.

They can recover a lot more by looking into people who report low incomes.

Didn't congress add 30bln to the IRS budget solely for this purpose, and the return is 1bln? I wonder if they even know what the outlays are for collection...will they ever collect more than the 30bln they allocated? How much does everyone need to be squeezed just to retrieve that 30bln allocation...All the smartest wealthiest people have the best accountants and moved/invested/capexd their money legally to begin with, within the letter of the law and rules anyway.

Okay... That'll fund like what.. An hour of governance?

Why more Americans Are not mad at the complete waste of our tax money is beyond me

For a billion dollars, other countries are successfully building entire transit systems, high speed rails, other infrastructure, or running massive welfare programs.

We should be getting so much more.