I was thinking the same thing. Somewhere I read that Bill Gates and a few others have commented that they should be taxed more. Maybe articles like this will motivate some of the larger ones disregarding the law to get on the program.
Make no mistake, organizations such as RIP Medical Debt are making a difference. I dug into their 990s and annual reports and determined that there is a substantial cost to delivering this boon to those in need. In 2022, 1.77 billion in debt was reported abolished. The purchased cost of that debt was 6 million. Additional operating expenses for the organization were 1.7 million.
IRS Collected Half a Billion Dollars in Back Taxes From Delinquent Millionaires in 2023, Sentencing Some to Prison ( www.goodnewsnetwork.org )
The Internal Revenue Service says it collected $482 million from wealthy tax cheats last year, in a continuing effort to step up their enforcement....
New York City plans to wipe out $2 billion in medical debt for 500,000 residents ( abcnews.go.com )