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WASHINGTON (AP) -- "People and businesses underpaid their taxes by an estimated 17 percent in the most recent year studied, failing to send the government a massive $450 billion that it was owed, according to an Internal Revenue Service report released Friday.
The study covered 2006, the most recent data the IRS said was available. The amount of underpaid taxes far exceeded the size of the entire federal budget deficit at the time."
IRS estimate: 17 percent of taxes owed went unpaid - Yahoo! Finance
The study covered 2006, the most recent data the IRS said was available. The amount of underpaid taxes far exceeded the size of the entire federal budget deficit at the time."
IRS estimate: 17 percent of taxes owed went unpaid - Yahoo! Finance