Melting the Tax Gap
Melting the Tax Gap Underreporting $376 Billion Early in 2012, the IRS estimated there was a $450 gross tax gap for Tax Year 2006, $105 billion up from the last figure in 2001. That means, not only is the IRS missing out on 17 percent of their total collections, but their efforts to close the tax gap are failing. Pictured here are the IRS'estimated reasons explaining why tax funds went uncollected. $28B $45B $235B $2B Estate Tax Underreporting Individual Income Tax $67B Underreporting $44B $72B Corporate Income Tax Estate Tax Nonfiling Undereporting $4B Employment Tax $25B Corporate Income Tax Underpayment $4B Underreporting Individual $36B Employment Tax Income Tax Underpayment Nonfiling Individual Income Tax Estate Tax Underpayment Underpayment Source; Tax Gap Map: Tax Year 2006, Internal Revenue Service, December 2011, O Copyright 2012, Convey Compliance Systems, Inc. All rights reserved. Convey Nonfiling Underpayment
Melting the Tax Gap
Designer
Nick GreenSource
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