Over the past year, government regulators have recovered $1 billion from high-income, high-wealth individuals through taxation schemes. The Department of the Treasury and Internal Revenue Service (IRS) announced the taxation milestone as part of ongoing legislative work. U.S. Secretary of the Treasury Janet L. Yellen said that the “new initiative to collect overdue taxes from a small group of wealthy taxpayers is already a major success, yielding more than $1 billion in revenue so far.” Both government watchdogs have cited that the retention of the tax funds has been made possible due to last …