IRS is leaving as much as $1 trillion a year uncollected, commissioner testifies

The head of the Internal Revenue Service testified that the actual tax gap could be nearly double that of the IRS’s official estimate.

IRS Commissioner Charles Rettig was asked at a congressional hearing about how much tax cheats are costing the United States each year in lost revenue, and he said that it “would not be outlandish to believe that the actual tax gap could approach and possibly exceed $1 trillion per year.”

The most recent published estimate for the U.S. tax gap is $441 billion and based upon three years of data (2011 through 2013). The next estimate is slated
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