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The Treasury Department told Congress last month that under-collected taxes are on track to total $7 trillion over the next decade, or about 15% of total tax revenues that would be owed under the law, thanks in part to budget cuts over the past decade that have sharply scaled back audits. Deputy Assistant Secretary Mark Mazur recently explained to Congress that this trend has negative consequences, including higher tax rates elsewhere in the economy that is, the costs are borne by people who follow the rules as well as the fact that “persistent non-compliance also undermines confidence in the fairness of our tax system.”

United statesWhite houseDistrict of columbiaLois lernerJohn koskinenElon muskJeff bezosJames tarantoMark mazurRevenue serviceNational taxpayers union foundationMilton friedman schoolVarney coHr blockAssociated pressTreasury department