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Saturday, July 13, 2024

Biden invested big in more tax audits. A new IRS analysis claims it’s working.

A fully funded IRS would bring in twice as much money as they previously thought, a Treasury report finds. In 2021, Americans owed about $625 billion in taxes that they never paid. This number, called the “tax gap,” represented some 13.7 percent of all taxes due, and, had it been collected, it would …

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