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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (202817)	4/16/2007 11:47:12 AM
From: Alan Smithee	Read Replies (1) of 793843

2005 IRS Study Provides Preliminary Tax Gap Estimate IR-2005-38, March 29, 2005 WASHINGTON – The Internal Revenue Service released preliminary results today from a major research project assessing compliance with the tax laws. The study reveals the vast majority of American taxpayers pay their taxes timely and accurately, but the nation still has a significant tax gap. The preliminary findings show the gross tax gap — which is the difference between what taxpayers should pay and what they actually pay on a timely basis — exceeds $300 billion per year. The results indicate the nation’s tax gap increased slightly to between $312 billion and $353 billion in tax year 2001. This compares to the old tax gap estimate for 2001 of $311 billion based on earlier studies.

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