Congressional under-funding of IRS costs the government $385 billion

The Internal Revenue Service released a report on how much revenue the government misses out on due to illegally unpaid taxes. According to their estimates, the figure for 2006 was around $450 billion, with 17 percent of taxes going unpaid. Around $65 billion of the unpaid taxes are recovered through enforcement, leaving a net tax… Continue reading Congressional under-funding of IRS costs the government $385 billion