Jan 7, 2012

Taxpayers owe $385 billion in 2006 taxes: IRS





Sources:
Reuters

(Reuters) - U.S. taxpayers owe an estimated $385 billion in unpaid taxes for 2006

The gross tax gap, or the amount that was not paid on time, was estimated at $450 billion in 2006, up from $345 billion in 2001.

The net tax gap, or the amount that was never paid, was $385 billion in 2006, compared with $290 billion five years before, the tax agency said.

Most of the wider tax gap over the five years was concentrated in underreporting and underpayment. The non-filing portion was largely unchanged.

Underreporting climbed to $376 billion from $285 billion, and more than a third of the growth was from corporate income taxes.

Underreporting on corporate income taxes more than doubled to $67 billion, the IRS said.

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