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:
“The government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”
—Ronald Reagan (b. 1911)
“the gap of today filling itself
as emptiness is distributed
in the idea of what time it is
when that time is already past”
—John Ashbery (b. 1927)