2/ Unpaid taxes are greater

artappraiser — Thu, 10 Dec 2020 05:05:38 +0000

In reply to On the halving of the IRS' budget since 1992

2/ Unpaid taxes are greater than all individual income taxes paid by the lowest 90% of earners.

This crisis in tax compliance is the consequence of a gutted IRS, and beneficiaries are high earners.
— Lawrence H. Summers (@LHSummers) December 9, 2020

The audit rate of the top 1% has been reduced by a factor of 5 since 2011 pic.twitter.com/ZCGwCw0mhY
— Gabriel Zucman (@gabriel_zucman) December 9, 2020

As @NatashaRSarin, ex-IRS Commissioner Rossotti and I have written, giving the IRS the resources it needs can raise over $1T in a decade, and make our tax system more efficient--and just. https://t.co/hEfeiHLmhK
— Lawrence H. Summers (@LHSummers) December 9, 2020

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2/ Unpaid taxes are greater