Tag Archives: gap
Small Tax Cap Reduction Can Result in Major Benefits
According to a report that was released last week, a small reduction in the nation’s tax gap could result in large fiscal benefits for the federal government. This new report was released with the purpose to give suggestions to both … Continue reading
IRS Pushing to Close Annual Tax Gap
As part of Congress’s additional $80 billion in funding over 10 years (which was included in the Inflation Reduction Act), the Government Accountability Office is pushing the Internal Revenue Service to do more to close the $428 billion annual … Continue reading
Report: New York Has Largest Income Gap in the Country
The Institute on Taxation and Economic Policy released a report this month that the state of New York is home to the highest concentration of wealth, and has the largest gap between rich and poor in the United States. The … Continue reading