Latest Breaking News On - Field collection - Page 9 : comparemela.com

© iStock A Treasury Department watchdog report found that the IRS failed to collect over $2.4 billion in back taxes from those making more than $1 million a year. “Taxpayers having an average AGI [adjusted gross income] of over $1.5 million paid the IRS an average of 39 percent of what they owe,” the report released last week states. “While 39 percent is more than what the IRS predicted it would collect, these high-income taxpayers still owed over $2 billion.” The Treasury Inspector General for Tax Administration said the failure of the IRS to collect taxes due from the wealthy is because the agency doesn’t target a person’s income enough when deciding which cases to pursue.

United statesRon wydenTax administrationSenate finance committeeA treasury departmentTreasury departmentTreasury inspector generalField collectionFinance committee chairman ronUnpaid taxesInternal revenue serviceDepartment of the treasuryஒன்றுபட்டது மாநிலங்களில்ரோன் வைடன்செனட் நிதி குழுகருவூலம் துறை