$385 Billion In Federal Taxes Go Unpaid

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"$385 Billion In Federal Taxes Go Unpaid"

According to new numbers from the Internal Revenue Service, “close to 15% of federal taxes — or $385 billion — went unpaid in 2006,” the latest year for which the IRS has full data. Eighty-four percent of the shortfall — known as the “tax gap” — is due to underreporting of income.

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