Post #18252 by sano on the US Policy board

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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.

Indeed we do have a huge number of tax cheats.

Recall that one of Obama's early actions was a 'forgiveness' program that offered an amnesty to Americans who maintained illegal offshore accounts.be

Cooperative banks in over 70 countries including the British Channel Islands, Switzerland notified American account holders that their accounts had to be closed within a relatively short time frame.

A division in the IRS was established to review the amnesty applicants, calculate a fine, and confirm the funds were repatriated to US institutions.
That program ended in 2018 when the orange rapist was in office.

https://www.budget.senate.gov/chairman/newsroom/pr...

https://www.cnbc.com/2018/09/04/the-irs-is-ending-...

https://www.npr.org/sections/thetwo-way/2009/11/ir...

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