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IRS Issues $406 Billion Net Tax Gap Estimate

from Forbes

From May 4: The Internal Revenue Service recently presented estimates of the tax gap for tax years 2008-2010. As the IRS explains, the "tax gap provides a rough gauge of the level of overall noncompliance and voluntary compliance given all the events that occurred during the relevant tax periods and the Internal Revenue Code provisions in effect at the time." The last tax gap estimate covered tax year 2006. more

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