People and businesses underpaid their taxes by an estimated 17 percent in the most recent year studied, failing to send the government a massive $450 billion that it was owed, according to an Internal Revenue Service report released Friday.
“In an era when we’re squeezing the federal budget for every dollar of savings, we have to make every effort to recover these lost funds,” said Senate Finance Committee Chairman Max Baucus, D-Mont.
http://www.washingtonpost.com/business/economy/irs-estimates-that-17-percent-of-taxes-owed-were-not-paid-leaving-450-billion-underpayment/2012/01/06/gIQAVgyTfP_story.html?tid=pm_business_pop
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