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The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process
![Patrick Semansky FILE - A sign outside the Internal Revenue Service building is seen, May 4, 2021, in Washington. The government is making permanent its new free electronic tax return filing system and expanding to taxpayers in all 50 states. (AP Photo/Patrick Semansky, File)](https://mapi.associatedpress.com/v2/items/dff867e4326a4305bd1f1171827acaf5/preview/preview.jpg?s=680x)
FILE - A sign outside the Internal Revenue Service building is seen, May 4, 2021, in Washington. The government is making permanent its new free electronic tax return filing system and expanding to taxpayers in all 50 states. (AP Photo/Patrick Semansky, File)
![Patrick Semansky FILE - A sign for the Internal Revenue Service building in Washington, May 4, 2021. The IRS plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade, the U.S Treasury says.(AP Photo/Patrick Semansky, File)](https://mapi.associatedpress.com/v2/items/653dfc53cf4f4e94ab814b580a193bda/preview/preview.jpg?s=680x)
FILE - A sign for the Internal Revenue Service building in Washington, May 4, 2021. The IRS plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade, the U.S Treasury says.(AP Photo/Patrick Semansky, File)