Tax Cheating Equals Deficit
An article in today's NYT says:
A new report by the Commerce Department found that Americans failed to report more than a trillion dollars in income on their 2003 tax returns. That was a 37 percent increase in unreported income from 2000.
In a separate report, the Internal Revenue Service looked at both unreported income and improper deductions and concluded that Americans shortchanged the government by $345 billion in 2001 — an amount almost equal to the projected federal budget deficit for 2007.
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