Are you a Tax Dodger?

bee

You are not alone:

The Treasury Inspector General for Tax Administration found that 879,415 high-income individuals who didn’t file returns cumulatively failed to pay $45.7 billion in taxes from 2014 to 2016 and that the agency hasn’t tried to collect from many of those taxpayers. The IRS didn’t put 326,579 of the cases into its enforcement system, and it closed 42,601 of the cases without ever working on them.

“In addition, the remaining 510,235 high-income nonfilers, totaling estimated tax due of $24.9 billion, are sitting in one of the collection function’s inventory streams and will likely not be pursued as resources decline,” said the report, released Monday.

The report defines high-income taxpayers as those earning at least $100,000. The IRS didn’t immediately respond to a request for comment, but agency management in the report agreed with a recommendation to prioritize collecting from people who didn’t file tax returns.

Among those who haven’t paid their taxes are approximately 1,891 individuals who owe the IRS more than $1 million, according to the report(...that equates to almost $2.9 Billion). The number of people who have been failing to file tax returns -- a crime that could come with steep penalties or as many as five years in prison -- has been increasing in recent years.

irs-fails-to-pursue-thousands-of-rich-tax-cheats-watchdog-says

rono

Hi been,

Hope this finds you safe and well.

I'm all for a 15% flat tax on all forms of income with no deductions and a $25K per person exemption. This means a family of 4 wouldn't pay at all until they exceeded $100K. And everyone would pay a mere 15% at the window and be done with it.

feh. This stuff isn't that hard.

peace,

rono