July 31st, 2012 by Nick Green
Early in 2012, the IRS estimated there was a $450 gross tax gap for tax year 2006, $105 billion up from the last figure in 2001. That means, not only is the IRS missing out on 17 percent of their total collections, but their efforts to close the tax gap are failing. Pictured here are the IRS’ estimated reasons explaining why tax funds went uncollected.
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