Inappropriate IRS reviews while the real audit challenges get bigger
Released May 16, 2013The gap between federal taxes owed and taxes paid stood at $400 billion in 2012. About 15 percent of taxpayers failed to pay.
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The gap between federal taxes owed and taxes paid stood at $400 billion in 2012. About 15 percent of taxpayers failed to pay.
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More than 16 million individuals and businesses owed the IRS $373 billion in unpaid federal taxes in 2011.
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Americans and the tax experts they hire spend 6.1 billion hours a year trying to pay what’s owed. Compliance is a 3 million-worker industry.
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More than a million tax preparers now make their living navigating a complex U.S. tax code.
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State governments made $17.7 billion from official lotteries in 2010. Casinos and race tracks brought in billions more.
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Charities take in billions of dollars each year from Americans who claim tax deductions for their contributions. Will Congress eliminate this practice?
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Tax breaks and loopholes cost the U.S. $1.1 trillion in fiscal 2012. Budget cutters are under pressure to get that figure down.
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