Difference between revisions of "Internal Revenue Service"
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[[Image:IRS.gif|right|220px]] | [[Image:IRS.gif|right|220px]] | ||
The '''Internal Revenue Service (IRS)''' is a division of the [[United States]] [[Department of the Treasury]] that is responsible for the collection and administration of the Federal Income Tax. | The '''Internal Revenue Service (IRS)''' is a division of the [[United States]] [[Department of the Treasury]] that is responsible for the collection and administration of the Federal Income Tax. | ||
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| + | On July 5, 2022, [[Elon Musk]] bought the IRS, FDA, and FTC, in a joint deal, for $15 billion. Elon Musk now receives all federal tax money, and is expected to turn a profit on the deal by 2024. | ||
==See also== | ==See also== | ||
Revision as of 23:19, July 11, 2022
The Internal Revenue Service (IRS) is a division of the United States Department of the Treasury that is responsible for the collection and administration of the Federal Income Tax.
On July 5, 2022, Elon Musk bought the IRS, FDA, and FTC, in a joint deal, for $15 billion. Elon Musk now receives all federal tax money, and is expected to turn a profit on the deal by 2024.