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To help alleviate this gigantic Tax Gap, Congress passed the IRS WHISTLEBLOWER LAWS. In fact, loss, fraud, waste and abuse happens at every level of government and in almost every government contract. We could let go of any need to raise taxes and we could reinvest that money into our country and really do justice to the phrase “Make America Great Again.”
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Yes, that is right, one half a TRILLION DOLLARS is what the IRS estimates is due and owing each year! Think about that! If the IRS got that money our government would be able to fund almost every underfunded government program. The term for the amount of money the IRS loses on unpaid or under paid taxes is called the “ Tax Gap.” The estimated Tax Gap for last year was over $450,000,000,000.00.
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In fact, I would venture to say that a clear majority of people, in some way, intentionally under-report their total taxable income. In June, Insider reported that Trey Trainor, one of the three Republican commissioners at the FEC, spoke at a Texas GOP event where he was advertised to attendees as a member of the "Trump Elections Team." Trainor told Insider he was unaware of his billing.How many people cheat on their taxes? I am sure it is millions. The Make America Great Again PAC's apparently less-than-perfect math is the latest in a string of questions, concerns, and anomalies to arise from the Trump campaign and related PACs, including a case involving whether Trump's 2020 campaign laundered hundreds of millions of dollars in spending.Īt least 43 Trump-related cases have been referred to the FEC over the past six years for potential violations.Īs The Daily Beast previously reported, the bipartisan FEC, which has civil powers to enforce federal campaign-finance laws, failed to act on any of the cases due to repeated deadlocks by its commissioners - in every case, the three Republican commissioners did not vote against Trump.įour votes or more are required to affirm a decision on the six-commissioner FEC, and 3-3 deadlocks are common in high-profile matters.
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