The IRS chief warned that unpaid taxes could exceed $1 trillion dollars a year. That’s way up from official estimates. The IRS ought to address wealthy Americans purposefully evading their taxes. It will take resources & backbone, but let’s make enforcement fair & effective.
— Sheldon Whitehouse (@SenWhitehouse) April 14, 2021
The amount of taxes going uncollected by the federal government could be as much as $1 trillion or more per year https://t.co/KacKNS3Xzs
— POLITICO (@politico) April 13, 2021
The GOP have starved the IRS to deplete its ability to catch wealthy tax cheats. IRS Commissioner Rettig and I agreed: additional mandatory funding would help the IRS enforce the tax laws for the ultra-rich already on the books. I’m working on legislation to do exactly that. pic.twitter.com/0TmKEDglsY
— Elizabeth Warren (@SenWarren) April 14, 2021
A jaw-dropping number out of a congressional hearing today: $1 TRILLION in taxes go unpaid to the IRS each year. The last official estimate was that the tax gap was $441 billion over a three year period. https://t.co/G4ob7s1P9k
— Laura Davison (@laurapdavison) April 13, 2021
Stars are aligning to rebuild the IRS & address tax gap. Here’s our take on need for multi-year discretionary cap adjustment, & a multiyear mandatory funding stream to help pay for recovery legislation– to be combined with increased reporting requirementshttps://t.co/5fYpJRhwhQ
— Chuck Marr (@ChuckCBPP) April 13, 2021
Sad! 