{
James Clyburn

People

}
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001122334455554433221100

Wealthy Americans Evade IRS Tax Filing Amid Limited Enforcement Resources

Tens of thousands of wealthy Americans are evading tax filings, exploiting a legal loophole that makes failing to file a return a misdemeanor, while filing false returns is a felony. Despite IRS efforts, only a fraction of high-income non-filers have complied, with significant revenue still uncollected. The Treasury proposes increasing penalties for chronic non-filers to enhance compliance and reduce the tax gap.
CNBC
United States Dollar Treasury Department Apple Inc. USA James Clyburn Joe Biden Ron Wyden Robert Lighthizer Chuck Schumer Show more
Regulatory & Legal, News Article
23:10 05.12.2024
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