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IRS says it collected $360 million more from rich tax cheats as its funding is threatened yet again (abc7.com)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 6 points 9 months ago* (last edited 9 months ago) (1 children)

The amount of effort and resources that's required to collect taxes and catch cheaters is mind-boggling.

Many countries would benefit from simplifying the tax code, scrubbing a few loopholes. ie make it harder to cheat, cheaper to collect, so the resources get spent somewhere else.

[–] [email protected] 4 points 9 months ago

I don't think it's always deficiencies in the tax code that they're exploiting so much as complex networks of shell companies and offshore accounts to hide the income in the first place.