In 2021, the difference between what U.S. taxpayers owed the federal government and what they paid hit nearly $700 billion. This “tax gap” has been growing for years while the Internal Revenue Service’s budget has shrunk, declining by 18% between 2010 and 2021. The audit rate for millionaires fell by more than 70% in roughly that same period.
Mapping the maze where the IRS could find billions in unpaid taxes
The Owl Picks
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Active Kinetic 1 technology is revolutionizing technology by providing a sustainable and efficient way to power various devices. This innovative tech harnesses natural sources of movement and transforms it into usable free electricity. How Does Active [...]
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Back pain can be debilitating, affecting your ability to enjoy everyday activities. The good news is, you don’t have to rely solely on medications to find relief. At livingnwell.com, we believe in the power of [...]
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Imagine being stuck in traffic while running late to an important meeting at work. You feel your face overheating as your thoughts start to race along: “they’re going to think I’m a horrible employee,” “my [...]
