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December 20, 2005
Tax Gap at Record High 14.4%
The Bureau of Economic Analysis has released a new estimate of the tax gap -- the gap between personal income and AGI -- in Comparison of BEA Estimates of Personal Income and IRS Estimates of Adjusted Gross Income. The new report pegs the tax gap at 14.4%, the highest figure in the 46 years the data has been computed, and up from 10.7% in 2000. For historic tax gap amounts, see here. (Thanks to Bruce Bartlett for the tip.)
December 20, 2005 in Gov't Reports | Permalink
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