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Question of the Day

Taxes #16

What percent of taxes owed by taxpayers are NOT paid

(a.k.a. "the tax gap")?

www.ngpf.org Last updated: 04/14/19

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About 20% or $458 BN

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Follow Up Questions

  1. What do you think are the reasons that people pay less tax than they owe to the I.R.S.?
  2. What are some of the consequences of this tax gap when it comes to the federal budget?
  3. What are the penalties if you don't pay all the federal taxes that you owe?
  4. If you were running the I.R.S. (the agency that collects the taxes), what steps could you take to reduce this tax gap?

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