Tuesday, February 11, 2014

What Tax Cheats Cost Us

Charles Kenny at BloombergBusinessweek:
[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.

1 comment:

Jim Gust said...

I'd like to see the math on the so-called "Tax cheating." I don't trust the IRS to report on these things honestly.