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IRS Sounds the Alarm: Record-Breaking $688 Billion Tax Gap

IRS Sounds the Alarm: Record-Breaking $688 Billion Tax Gap
In a stunning, and worrying, revelation, the Internal Revenue Service (IRS) has dropped a fiscal bombshell, exposing an astonishing $688 billion tax gap for the 2021 tax year. That's a hefty chunk of change that the IRS can’t account for, marking the largest tax shortfall on record. But wait, it gets even more outrageous. The tax gap has swelled by a whopping $192 billion compared to estimates for 2014 to 2016 and a staggering $138 billion when stacked against estimates for 2017 to 2019. Ouch! U... Read More
Posted: Oct 20 2023, 08:53
Author Name: financemagnates
Views: 091976

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