September 15, 2020 By Jade Walle Executive Summary The FAIRtax will significantly reduce U.S. income tax evasion by 95% relative to the current gross tax gap. In 2019, the $780 billion gross tax gap would have been reduced to $41 billion under the FAIRtax. For 2020, the estimated $827 billion gross tax gap …
The FAIRtax- Expected Effect on U.S. Tax Evasion Read More »
By Richard J. Cebula, Ph.D., Walker/Wells Fargo Endowed Chair in Finance, Jacksonville University (FL) Fiorentina Angjellari-Dajci, Ph.D., Florida State College at Jacksonville March 1, 2017 Abstract Using a variety of data sources in this study we estimate both the Individual Income Tax Gap and the Gross Tax Gap for years …
Introduction In the attached study, David R. Burton illustrates how to materially reduce evasion of federal taxes in the United States. Reducing tax evasion is important because, at more than $400 billion per year in 2006, the tax gap, which is the difference between taxes owed and taxes paid, is more than one-sixth of federal …
