The Uncorrelated Mind

Over the next ten years, roughly $7 trillion in unpaid taxes will go uncollected. In that regard, the Inflation Reduction Act seems rather conservative in its estimate of being able to close that tax gap by $124 billion, right? One can only hope that $80 billion in new funding will help fix the IRS’ inefficiencies, but there’s still a real, and large, economic cost borne by taxpayers.

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