Post #18248 by commonone on the US Policy board

Halls of Shrewd'm / US Policy

Unthreaded | Threaded | Whole Thread (24)

Post New | Post Reply | Report Post | Recommend It!

No. of Recommendations: 11

Dope1: This analogy would work if we had an avalanche of tax cheats...

We do.

Trump's own IRS Commissioner testified it's costing the U.S. as much as $1 trillion annually.

The IRS estimates tax cheats cost the US at least $688 billion in 2021 alone. Trump’s IRS Commissioner Charles Rettig told the Senate Finance Committee that the annual tax gap could be $1 trillion.

One trillion dollars of lost taxes annually sure sounds like an avalanche.

https://www.politico.com/news/2021/04/13/irs-one-t....

Post New | Post Reply | Report Post | Recommend It!

Print the post

Unthreaded | Threaded | Whole Thread (24)

Prev | Next

Announcements

US Policy FAQ

Contact Shrewd'm
Contact the developer of these message boards.

A community forum supporting civilized, and highly helpful, self-educating investors that come together for Shrewdness and merry spirits. These message boards closely follow the look and feel of the old message boards at boards.fool.com prior to the boards redirected to discussion.fool.com. Shrewd'm is not affiliated with the comprehensive and excellent investment website, The Motley Fool (TMF), in any way. The Shrewd commmunity here has owed, and continues to owe, gratitude to The Motley Fool for nurturing a culture of jovial irreverence towards Wall St, and that tradition will continue here.