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View Full Version : CBO Estimates $381 Billion in Annual Unpaid Taxes



boutons_deux
07-09-2020, 11:18 AM
This is exactly why Repugs have cut many $100Ms from IRS budget

'An Absolute Outrage':

Sanders Rips 'Wealthy Tax Cheats' as

CBO Estimates $381 Billion in Annual Unpaid Taxes

"The richest 1% is responsible for 70% of all unpaid taxes...

Congress is leaving hundreds of billions of dollars in taxes uncollected from the wealthy."

https://www.commondreams.org/news/2020/07/09/absolute-outrage-sanders-rips-wealthy-tax-cheats-cbo-estimates-381-billion-annual

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How the IRS Was Gutted

An eight-year campaign to slash the agency’s budget has left it

understaffed,

hamstrung and

operating with archaic equipment.

The result: billions less to fund the government.

That’s good news for corporations and the wealthy.

https://www.propublica.org/article/how-the-irs-was-gutted

With IRS limited resources, enforcers go after the simple, easiest, quickest tax cases on the low-end of the income scale

Hyper-complex cases like Trash's 500 companies are left untouched.