tax gap

That’s perhaps the boldest declaration in the joint statement from G-20 world leaders meeting today in London.
The communiqué, which pledges $1.1 trillion in global stimulus spending and tighter supervision and regulation of the global economy, did not commit the leaders to another round of stimulus spending as President Obama wanted, nor cross-border financial regulation as [...]

What was bad news for Tom Daschle, Nancy Killefer, Tim Geithner and now Hilda Solis might be good news for the federal government.
Their recent tax woes — by which we mean their getting caught not paying their (or their spouses’) taxes — mean that the IRS is probably right about (or even underestimating?) the extent [...]