Fix the Tax Gap: Fewer Audits, Clearer RulesScott Shane
Underreporting income has long plagued our tax system, with individuals failing to pay some $345 billion in 2001, the latest year analyzed by the Internal Revenue Service (IRS) for which data are publicly available. And estimates suggest the number is rising. In a study released this year, Jacksonville University professor Richard Cebula and University of Wisconsin professor Edgar Feige estimated the tax gap at half a trillion dollars.
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