Americans failed to pay record $688 billion in taxes in 2021, IRS says. Look for more audits.
Americans failed to pay record $688 billion in taxes in 2021, IRS says. Look for more audits.
Americans failed to pay record $688 billion in taxes in 2021, IRS says. Look for more audits.
Americans failed to pay $688 billion in taxes on their 2021 returns, a record level, according to a new estimate from the IRS. The agency said that it is taking "urgent" steps to increase compliance such as auditing more high-income taxpayers as well as businesses and partnerships.
The $688 billion estimate reflects the first time the IRS is providing information about the so-called tax gap on an annual basis, with the agency noting in a Thursday statement that it plans to continue providing the data on a yearly basis. The number reflects an increase of more than $138 billion from estimates for tax years 2017 to 2019, the agency said.
So they're gonna focus on auditing rich people and corporations, right?
Straight from the article
I like them saying they'll do it. I'll like it even more if they actually do! There's a reason they target lower income people without scummy lawyers on retainer: doing the right thing (and funding our government) is hard. We'll be watching...
Did the article define 'high-income taxpayer"?
In my company of 2000 people, roughly half are six-figure engineers... only two people make about 400k income a year.
Hard to do when they get defunded etc.
lol, good one