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The U.S. is Losing $1 Trillion Annually to Tax Cheats: Live Updates S&P 500 Source: Factset Charles Rettig, the commissioner of the Internal Revenue Service, said during a Senate Finance Committee hearing that the agency lacks the resources to go after tax cheats.Credit.Anna Moneymaker for The New York Times The United States is losing approximately $1 trillion in unpaid taxes every year, Charles Rettig, the Internal Revenue Service commissioner, estimated on Tuesday, arguing that the agency lacks the resources to catch tax cheats. The so-called tax gap has surged in the last decade. The last official estimate from the I.R.S. was that an average of $441 billion per year went unpaid from 2011 to 2013. Most of the unpaid taxes are the result of evasion by the wealthy and large corporations, Mr. Rettig said.

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