Can we agree that cutting the extra money for IRS tax enforcement doesn’t help anybody except the crooks?
This keeps coming up on the wish list for the members of Congress who are pushing the debt crisis. For some reason, members who condemn defunding the cops are somehow fine with defunding the IRS auditors, whose job is to go after taxes already owed!They want stricter work requirements for people on food stamps, but they look the other way as trillions of tax dollars go uncollected because the IRS is too understaffed to collect it.
“The published tax gap estimate of the Internal Revenue Service, the current one that’s out, and we’ll be issuing one next year, but the published tax gap estimate is for tax years 2011 to 2013, has a gross tax gap of $441 billion,” Rettig said. But that doesn’t count tax evasion through cryptocurrency, offshore accounts, and money hidden in illegal shell corporations. And so Mr. Rettig went on to say that the real gap could be much higher.
“If you add those in, I think it would not be outlandish to believe that the actual tax gap could approach and possibly exceed $1 trillion per year,” Rettig said.has gone uncollected, and so the national debt isAgain, I stress this is money that could be collected without raising general tax rates. It’s already owed.
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