The IRS’s private tax-debt-collection program is raking in the dollars. From its April 2017 start through Sept. 30, 2019, four private firms have collected about $300 million in revenue from seriously delinquent taxpayers.
Compare this with the program’s $132 million cost so far. IRS is using the extra funds to add more of its own collectors. Their numbers have fallen sharply over the years. So, the money collected is going solely into collecting the money and not towards US debt elimination or new social programs, just more debt collectors. Our government at work.