Click me
Transcribed

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

shared by Convey on Jul 31
433 views
4 shares
0 comments
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 tota...

Designer

Nick Green

Category

Business
Did you work on this visual? Claim credit!

Get a Quote

Embed Code

For hosted site:

Click the code to copy

For wordpress.com:

Click the code to copy
Customize size