- cross-posted to:
- news
- cross-posted to:
- news
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.
Did the article define 'high-income taxpayer"?
Yes
Only if you read it, though 🤷♂️
Yes, it’s always been people making 400k and up. This has been know since they hired more IRS agents and it’s the main reason Republicans had a shit fit about it.