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submitted 8 months ago by L4s@lemmy.world to c/technology@lemmy.world

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.

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[-] chaorace@lemmy.sdf.org 8 points 8 months 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.

this post was submitted on 12 Oct 2023
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