The Daily Populous

Thursday February 8th, 2024 day edition

image for IRS says it will collect $560 billion more from rich tax cheats thanks to Inflation Reduction Act

Tax revenues are expected to rise by as much as $561 billion from 2024 to 2034, thanks to stepped-up enforcement made possible with money from the Democrats’ Inflation Reduction Act, which became law in August 2022.

The Congressional Budget Office in 2022 estimated that the tens of billions of new IRS funding provided by the IRA would increase revenues by $180.4 billion from 2022 to 2031.

The IRS now says that if IRA funding is restored, renewed and diversified, estimated revenues could reach as much as $851 billion from 2024 to 2034.

The Inflation Reduction Act gave the IRS an $80 billion infusion of funds.

However, House Republicans built a $1.4 billion reduction to the IRS into the debt ceiling and budget cuts package passed by Congress last summer.

New customer service improvements rolled out as the tax season began Jan. 29, and earlier this month the IRS announced that it had recouped half a billion dollars in back taxes from rich tax cheats.

The tax gap — which is the difference between taxes owed and taxes paid — has grown to more than $600 billion annually, according to the IRS. »

17-year-old shot and killed by officer conducting welfare check

Authored by abcnews.go.com
image for

A teenager was shot and killed by a police officer conducting a welfare check at a residence in Nebraska, state police said.

"The Columbus Police Department was conducting a welfare check on a subject following a report of potential self-harm," Nebraska State Patrol said in a press release.

The Columbus Police Department contacted the Nebraska State Patrol to conduct the "in-custody death investigation," which is ongoing, state police said. »

Mexico overtakes China as the leading source of goods imported by US

Authored by abcnews.go.com

For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported by the United States.

WASHINGTON -- For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported by the United States.

The last time that Mexican goods imported by the United States exceeded the value of China's imports was in 2002. »

Capcom Asks Fans If They Want A New Dino Crisis Game

Authored by gameinfinitus.com

Capcom is asking fans if they would be interested in seeing a new entry in the Dino Crisis series, based on the latest information.

In a new survey, Capcom is gauging interest in new games and remakes for multiple franchises, including some dormant IPs such as Dino Crisis.

The most recent entry in the Dino Crisis series, Dino Crisis 3, is an action-adventure game developed by Capcom Production Studio 4 and published by Capcom for the Xbox. »

No more after-hours calls: Australia’s new bill to protect workers’ time

Authored by intlmonitor.com

The bill, which aims to protect workers’ rights and improve work-life balance, includes a “right to disconnect” provision among other changes to industrial relations laws.

The bill is likely to be introduced in parliament later this week, with the support of a majority of senators.

The Greens, a left-wing party that first suggested the rule last year, celebrated the bill as a major victory. »