Committee for a Responsible Federal Budget

Tax Gap Myths and Facts: A Conversation with Natasha Sarin

Oct 26, 2021 | Taxes

The federal government loses over $600 billion annually from unpaid and underpaid taxes. As Congress debates how to pay for the Builder Back Better Act, closing this “tax gap” is viewed as one of the more promising ways to collect revenues. Unfortunately, there has been a lot of misinformation about what closing the tax gap would truly entail, and who would be affected. In this virtual event, Goldwein and Sarin discussed the Administration’s tax gap proposals, separated myth from fact, and took audience questions about the tax compliance efforts.