The IRS sent a surprise bill to Microsoft, hitting the company with a $28.9 billion bill for back taxes and penalties spanning a decade, starting in 2003.

Microsoft owes $29 billion in back taxes plus penalties and interest to IRS::The IRS sent a surprise bill to Microsoft, hitting the company with a $28.9 billion bill for back taxes and penalties spanning a decade, starting in 2003.

  • @chaoraceEnglish
    8•1 year ago

    With that much money, you could effectively end homelessness in the U.S. for a full year [1]

    1. According to a rough estimate by the U.S. Department of Housing and Urban Development, it would cost $20 billion in 2012 dollars to afford every homeless person in the U.S. with one year of housing via vouchers. Independent groups have more recently recalculated this amount as ~$30 billion in 2023 dollars using similar methodologies. This is an estimated annual cost, but advocates argue that the program pays for itself – both in the sense that eliminating homelessness will reduce costs to other social programs & in the sense that many homeless will eventually return to self-sufficiency if given a fair opportunity. ↩︎