Talking her book, or telling the truth?:
There's no doubt the issue of how much taxes millionaires should pay is important. But the IRS's Nina Olson says there's an even bigger source of un-tapped revenue that almost no one is talking about:
"Any income that is paid by check, cash, whatever that is not reported to the Internal Revenue Service, the person who mows your lawn that you write a check to, things like that, is the largest area of the tax gap, the largest area of unreporting that we have in our tax system," she said.
"People like folks cleaning a house or mowing a lawn or running a farm stand and not reporting?" Doane asked.
"Restaurants, whatever. That's a bigger dollar loss in our tax gap."
And whether it's people skimming from the bottom, or getting breaks at the top, the guy in the middle is footing the bill.
"If everybody reported their taxes properly, people would pay, per person, $2,200 less," Olson said.
Consider the source, but read the rest here.
