[C]lose to 15 percent of federal taxes owed…are never paid—about $385 billion a year. If that $385 billion were collected, it could fund universal pre-K for 4-year-olds, double the size of both theEarned Income Tax Credit and the U.S. Air Force budget, and reduce the deficit by more than a quarter—all at the same time.
Tuesday, February 11, 2014
What Tax Cheats Cost Us
Charles Kenny at BloombergBusinessweek: