Tax Gap
An increasing amount of attention, and government enforcement, is being focused on tax information reporting as the United States Congress and the federal administration seek ways to close the "tax gap" of over $300 billion dollars annually that would be collected by the federal government if all income were reported by U.S. individuals and businesses.
Read more about this topic: Tax Information Reporting
Famous quotes containing the words tax and/or gap:
“Rumble thy bellyful! Spit, fire! Spout, rain!
Nor rain, wind, thunder, fire are my daughters.
I tax you not, you elements, with unkindness;
I never gave you kingdom, called you children.”
—William Shakespeare (1564–1616)
“Wherever a man separates from the multitude, and goes his own way in this mood, there indeed is a fork in the road, though ordinary travelers may see only a gap in the paling. His solitary path across lots will turn out the higher way of the two.”
—Henry David Thoreau (1817–1862)