"Eventually, they run out of other people's money and then they come for you," Musk tweeted at the senator who just drafted a new billionaire tax.
Rich Americans know the government likely won't catch their antics, Treasury said. Beefing up IRS enforcement could bring in $1.6 trillion in unpaid taxes.
Look Ahead America, founded by a former Trump campaign staffer, has been soliciting "tax-deductible" donations but lost tax-exempt status in May 2020.
The settlement is one of the largest in history. James Simons, the founder of Renaissance, will pay an additional $670 million in back taxes and fees.
In June, Mr. Coins put up a listing offering to buy bitcoin at a premium, shortly attracting a bid from a user called "Lucifallen21."
The mobile-friendly sign-up tool comes two months after the White House unveiled another version of the site critics assailed as unusable.
Prisoners received a total of $783.5 million in stimulus payments, according to a report. In October, a judge ruled that excluding them was "arbitrary."
US senators have agreed that a US infrastructure bill will include measures to strengthen tax and reporting regulations around crypto transactions.
The disbursement is part of the third wave of one-time checks that the federal government has authorized since the onset of the coronavirus pandemic.
Senate Democrats are pressing the IRS to overhaul its website for the poorest families so they can get monthly child tax credit payments.
Samantha Dreissig, 25, told CBS New York that an IRS agent she once spoke to informed her that she is "dead all over their system."
Republicans are criticizing how the plan is funded and a Democrat-only spending bill that would pass alongside it.
Families will receive up to $300 per child in monthly payments from July to December through direct deposit, a paper check, or a debit card.
"Republicans should be for less spending on the IRS, not more," Stephen Moore tells Insider, calling it a "betrayal to fund the IRS with more money."
The IRS's shrinking budget - along with new responsibilities like stimulus checks and child tax credit payments - could be delaying your refund.
An expert tells Insider the tax-agency's non-filer portal is inconvenient and unusable. It could set back Biden's agenda as "it's just really bad."
A Tax Policy Center expert said the bipartisan group's ideas to fund infrastructure is "a daydream" and it can't be financed without raising taxes.
