Income Tax Cheating
The 2004 tax gap was between $312 - 353 bil. [“Tax Cheating is on the Rise, Treasury Says”, Wall Street Journal, 30Mar05, p. D1]
“The government sent out more than $1 billion in fraudulent tax refunds last year, and the Internal Revenue Service has too few resources to pursue every tax fraud case, according to a Treasury Department Report. The number of improper refunds filed appears to be growing rapidly… ‘The problem is becoming unmanageable, and the IRS cannot afford to continue handling it in the same manner as in the past’” [“Fraudulent Tax Refunds Top $1 Billion” Wall Street Journal, 31 Oct 2008, A13]