U.S. News

2244 readers

2 users here now

News about and pertaining to the United States and its people.

Please read what's functionally the mission statement before posting for the first time. We have a narrower definition of news than you might be accustomed to.

Guidelines for submissions:

Post the original source of information as the link.
If there is any Nazi imagery in the linked story, mark your post NSFW.
If there is a paywall, provide an archive link in the body.
Post using the original headline; edits for clarity (as in providing crucial info a clickbait hed omits) are fine.
Social media is not a news source.

For World News, see the News community.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 1 year ago

MODERATORS

alyaza

rs5th

Powderhorn

IRS says it collected $360 million more from rich tax cheats as its funding is threatened yet again (abc7.com)

submitted 10 months ago by Five@slrpnk.net to c/usnews

3 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Hirom 6 points 10 months ago* (last edited 10 months ago) (1 children)

The amount of effort and resources that's required to collect taxes and catch cheaters is mind-boggling.

Many countries would benefit from simplifying the tax code, scrubbing a few loopholes. ie make it harder to cheat, cheaper to collect, so the resources get spent somewhere else.

[–] Laconic 4 points 10 months ago

I don't think it's always deficiencies in the tax code that they're exploiting so much as complex networks of shell companies and offshore accounts to hide the income in the first place.