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President Biden just proposed $4.7 trillion in tax increases on businesses and individuals, raising U.S. tax rates to some of the highest in the developed world.
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IRS management has tended to view its role as chasing tax cheats, not helping people navigate the confusing tax code.
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(Temporary) victory! The IRS has paused its intrusive demand that all payments amounting to $600 be reported to the government.
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The IRS report suggests that the tax gap—which is the amount of federal taxes owed but not paid—is not a major problem.
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Government currency monopolies…can thus be understood as part of the tax system [and reflect] the preference of the fiscal authorities.
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It's not a secret that people who make a lot of money try to hide it from the IRS. How and where they do it, though, is often a secret.