https://www.theburningplatform.com/2024/06/24/us-taxpayers-hit-with-record-penalties-in-fy23/US Taxpayers Hit With Record Penalties in FY2 The government has become desperate for funding, seeking out money from their own citizens through taxation. Not only have they raised taxes for every bracket, but the IRS managed to squeeze more money out of Americans through audits for fiscal year 2023 than any year on record. In fact, the IRS shook down Americans for an additional $7 billion in tax penalties alone – a 300% increase from FY22.