Summary
Ever heard of the "tax gap"? It's the difference between what all of us owe the federal government in taxes each year - and how much, due to errors or cheating, the government actually collects.
Sen. Max Baucus, Montana Democrat, chairman of the Senate Finance Committee, has long sought to reduce the tax gap, estimated at about $350 billion annually. And, working with Sen. Charles Grassley of Iowa, the senior Republican on the committee, it seems he has finally succeeded - by vetting the elites nominated by President Barack Obama for positions in his administration.See the full content of this document
Extract
Closing the Tax Gap
The size of the gap is debatable. But no one disputes it's a significant amount, that policymakers should seek to close it, and that the surest way (until now, at least) to whittle it ...
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