Why don’t we talk more about revenue when we talk about the U.S. budget deficit?
“Every dollar spent auditing these high-income tax individuals would collect more than $12 in additional tax revenue,” said Amy Matsui, the director of income security at the National Women’s Law Center.
The IRS has started cracking down on high-net-worth tax evaders, and the agency said Friday it’s already collected $122 million from about a hundred cases.
“This is more than shaking change out of the couch cushions, but looking at the taxes that are already due and giving the IRS the resources to go after them could take a chunk out of the deficit,” Matsui said.
