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Published 3 years ago

Friday feedback: Tax and PACs

Summary

Good morning.It’s Friday, so some feedback. Former IRS Commissioner Charles Rossotti weighed in after my Wednesday post suggesting President Biden’s spending plans will have to be financed by debt or new taxes. There’s another way, he says—collecting taxes already owed:“Our plan gets at the heart of the tax gap—upper income people who don’t pay what they legally owe.

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Friday feedback: Tax and PACs

Good morning.It’s Friday, so some feedback. Former IRS Commissioner Charles Rossotti weighed in after my Wednesday post suggesting President Biden’s spending plans will have to be financed by debt or new taxes. There’s another way, he says—collecting taxes already owed:“Our plan gets at the heart of the tax gap—upper income people who don’t pay what they legally owe. At $574 billion in 2019 alone, the tax gap is equal to what the lower 90% of al…

3 years ago·New York, United States

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