H. R. 8292 is a proposed law that aims to increase the penalties for those who unlawfully disclose taxpayer information. It suggests changing the current penalties from a $5,000 fine or up to 5 years in prison to a $250,000 fine or up to 10 years in prison. Additionally, the...
Simple Explanation
H. R. 8292 is a new law idea that would make it much more expensive and punishable for someone to improperly share people's tax secrets, making the fines a lot bigger and possible jail time longer, to try and stop people from doing it.