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The Tax Gap

"The Tax Gap is the difference between what taxpayers should have paid and what they actually paid on a timely basis."

This is NOT true. The "tax gap" is the difference between what is actually collected and a THEORETICAL estimate of what is "DUE" the IRS including the underground economy.

You will notice from the article that this effort will be focused on SMALL BUSINESSES (i.e., Sole Proprietorships, Partnerships, and S-Corps).
BUT NOT CRIMINALS!!

The fact is that the US has the highest rate of tax compliance of any country in the world. The dems want to increase tax revenues without actually increasing taxes. How? By increasing government data collection, profiling, audits of small businesses, etc. They are going to expand the IRS enforcement arm and make the system more intrusive to squeeze every "THEORETICAL" cent they can out of the public.

"Based in part on the prior NRP reporting compliance study of individual income tax returns, IRS officials estimate that the net tax gap for tax year 2001 was $290 billion.

That equates to $2,231 per household in the US! The "tax gap" estimate is total BS and will be used to collect more data, kick-down doors, and sieze more property.

dung.
1 posted on 06/07/2007 10:10:39 AM PDT by Moose Dung
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To: Moose Dung
Wow we hand them all kinds of power via withholding and the 60K tax code and then we act shocked when they abuse it. What did the sheople think was going to happen?! a big Duh. Want Congress to stop vote buying with our money, want to stop the socialist slide.....then put a stake in the source of their power: the vote buying, lobby loving 60K page tax code! www.fairtax.org
2 posted on 06/07/2007 10:24:33 AM PDT by socialismisinsidious ( The socialist income tax system turns US citizens into beggars or quitters!)
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To: Moose Dung

Does it say ANYTHING about tracking illegal alien tax fraud. Millions of dollars are wired to Mexico tax free. Maybe just law abiding citizens are held accountable.


3 posted on 06/07/2007 10:51:23 AM PDT by Orange1998
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To: Moose Dung
You will notice from the article that this effort will be focused on SMALL BUSINESSES

I read somewhere over a year ago that the IRS was going to focus more on small businesses because they felt they were missing a lot there. This doesn't strike me as any new revelation.

5 posted on 06/07/2007 11:09:12 AM PDT by Cementjungle
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To: Moose Dung
Apparently everyone missed this part...

The data also enables the IRS to audit fewer taxpayers with accurate tax returns, which lessens the burden on compliant taxpayers.

Translation: FEWER ACTUAL AUDITS

9 posted on 06/07/2007 11:35:41 AM PDT by SolidRedState (I Love TEXAS!)
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To: Moose Dung
13,000 randomly selected tax year 2006 individual returns

That's one lottery you don't want to win.

12 posted on 06/07/2007 11:45:02 AM PDT by The Great RJ ("Mir we bleiwen wat mir sin" or "We want to remain what we are." ..Luxembourg motto)
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To: Moose Dung

Of course this only applies to law abiding citizens never to Jorge’s Mexican CRIMINALS....................


13 posted on 06/07/2007 11:58:20 AM PDT by newcthem (George Bush.......Making America Safer............FOR MEXICAN CRIMINALS!)
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