# IRS plans to shut tax loophole for the ultrawealthy, raise more than $50 billion

- Link: https://www.widthness.com/irs-plans-to-shut-tax-loophole-for-the-ultrawealthy-raise-more-than-50-billion/
- Published: 2024-07-14T09:30:33-05:00
- Author: Curated by Theresa Wysocki

Photo credit: Rob Young on Flickr via Wikimedia. CC BY 2.0. Article by Carmen Molina Acosta. The International Consortium of Investigative Journalists – June 25, 2024. The IRS plans to shut down a tax loophole used by large, complex partnerships, allowing the U.S. Department of Treasury to raise an estimated $50 billion or more in revenue over 10 years. The move is the latest in a series of faltering efforts the IRS has taken to hold the ultrawealthy more accountable, and comes less than three months after […] Click here to view original web page at www.icij.org Curated by Theresa Wysocki See Full Bio