Tax Group Backs State Challenges To Pandemic Aid Limitations
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Better Tax Enforcement Won t Raise the Big Bucks Democrats Claim nationalreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalreview.com Daily Mail and Mail on Sunday newspapers.
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.”
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Supreme Court Refuses To Hear New Hampshire s Challenge to Massachusetts Taxing its Residents theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.