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Tax Dodgers Owe US Over $7 Trillion, Says Janet Yellen
Treasury Secretary Janet Yellen listens during a meeting with President Joe Biden in the Roosevelt Room of the White House on March 5, 2021, in Washington, D.C.
Al Drago-Pool / Getty Images
As the Biden administration has been placing further scrutiny on wealthy and corporate taxpayers, Treasury Secretary Janet Yellen said on Tuesday that the government has missed out on $7 trillion in uncollected taxes over a decade.
“It’s really shocking and distressing to see estimates suggesting that the gap between what we’re collecting in taxes on current tax and what we should be collecting; if everybody were paying for taxes that are due, that amounts to over $7 trillion over a decade,” Yellen said during an economic summit held by